Notes to SEFA
The federal loan programs listed subsequently are administered directly by Franciscan University of Steubenville, and balances and transactions relating to these programs are included in Franciscan University of Steubenville’s 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, consists of:
Of the federal expenditures presented in this Schedule, Franciscan University of Steubenville provided no federal awards to subrecipients.