Notes to SEFA
The federal loan program listed subsequently is administered directly by the University and balances and transactions relating to these programs 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. There were no loans made during the year. The balance of loans outstanding at May 31, 2025, consists of Assistance Listing Number 84.038, Federal Perkins Loans, $157,417.