Notes to SEFA
During the fiscal year ended June 30, 2025, students and their parents were awarded $13,938,359 of federally guaranteed loans under the Federal Direct Student Loan Program (programs include Stafford Loans, Parents’ Loans for Undergraduate Students, and Unsubsidized Stafford Loans). The University is responsible only for the performance of certain administrative duties with respect to the federally guaranteed student loan programs and accordingly, balances and transactions relating to these loan programs are not included in the University’s basic financial statements. Therefore, it is not practicable to determine the balance of loans outstanding to students and former students of the University at June 30, 2025. The University administers the Federal Perkins Loan Program and the Nurse Faculty Loan Program and the balances and transactions relating to these programs are included in the University’s basic financial statements. No loans were made by the University under the Federal Perkins Loan Program and the Nurse Faculty Loan Program during the year ended June 30, 2025.
Saint Xavier University did not receive any federal insurance or federal noncash assistance and did not provide any amounts to sub-recipients.