Notes to SEFA
The federal loan programs are administered directly by the University, and balances and transactions relating to these programs are included in the University’s basic consolidated financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at May 31, 2025, totaled approximately $1,735,000.
The University did not provide federal awards to subrecipients during 2025.