Notes to SEFA
The Federal Perkins Loan Program is administered directly by the University, and balances and transactions relating to this program are included in the University’s basic 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 Perkins Loans outstanding at June 30, 2025 is $172,645. The University is responsible only for the performance of certain administrative duties with respect to the Federal Direct Loan Program.