Notes to SEFA
NSLP receives financial awards from the federal government for the purpose of administering the Federal Family Education Loan Program. The amounts reported as federal expenditures were obtained from the records maintained by NSLP. All amounts received during the year ended September 30, 2025 were expended.
Loans outstanding and guaranteed by NSLP at September 30, 2025 subject to continual compliance requirements were approximately $402 million. The principal and interest balance of loans in default at September 30, 2025 was approximately $458 million.
For the year ended September 30, 2025, NSLP did not claim any indirect costs.