Notes to SEFA
The federal loan program listed subsequently is administered directly by the University, and balances and transactions relating to the program are included in the University’s basic 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 June 30, 2025, consists of: Federal Perkins Loans (84.038) - Balances outstanding at the end of the audit period were $52,746.
There were no subrecipients during the year ended June 30, 2025.