Notes to SEFA
The accompanying supplementary schedule of expenditures of federal awards (the “Schedule”) presents all expenditures of federal award programs of The American College of Greece during the year ended June 30, 2025.
During the year ended June 30, 2025, the College processed $715,021 in new loans under the Federal Direct Loan Program. With respect to this program, the College is responsible only for the performance of certain administrative duties as part of the initial disbursement of the loans and accordingly, these loans are not included in the College's financial statements. It is not practical to determine the balances of loans outstanding to students of the College under this program at June 30, 2025.
The College has not elected to utilize the 10% de-minimus indirect cost rate in Part 200.514 of the Uniform Guidance.