Notes to SEFA
federal student loan programs listed below are administered directly by the University andbalances and transactions relating to these programs are included in the University’s consolidatedfinancial statements. Loans made by the University to eligible students under federal student loanprograms during the year ended June 30, 2025 are summarized as follows: Assistance Amount Title Listing No. Issued Perkins 84.038 $ - Primary Care - Medical 93.342 - LDS - Medical 93.342 958,516 LDS - Dental 93.342 75,000 HPSL - Dental 93.342 677,800 LDS - Veterinary 93.342 75,000 HPSL - Veterinary 93.342 540,000 Total 93.342 2,326,316 Total Loans Issued $ 2,326,316The balance of loans outstanding at June 30, 2025 consists of: Assistance Amount Title Listing No. Outstanding Perkins 84.038 $ 843,862 Primary Care - Medical 93.342 556,967 LDS - Medical 93.342 2,770,701 LDS – Dental 93.342 1,472,997 HPSL - Dental 93.342 6,951,961 LDS - Veterinary 93.342 172,565 HPSL - Veterinary 93.342 1,568,326 Total 93.342 13,493,517 Total Loan Balances Outstanding $ 14,337,379 The University participated in the School as Lender program (Assistance Listing # 84.032L) beginning in fiscal year 2004 until the program terminated on July 1, 2008. There were no new loans distributed to students in connection with this program during the year ended June 30, 2025. At June 30, 2025, the University held $548,111 in outstanding loans.
The University applied for reimbursement of certain expenses related to the COVID-19 pandemicand other weather-related incidents under Assistance Listing #97.036, FEMA Public Assistancethrough the commonwealth of Massachusetts. Expenditures are reflected in the Schedule in theyear in which a project application is obligated. The Schedule thus includes $1,085,887 of expenditures incurred in fiscal years 2021 and 2022, which were obligated in the year ended June30, 2025 and represents a reconciling item between the federal expenses in the University’sfinancial statements and the amount included on the Schedule.