Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule E) includes the federal award activity of Austin Community College District under programs of the federal government for the year ended August 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The Schedule presents only a selected portion of the operations of Austin Community College District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Austin Community College District.
During the fiscal year ended August 31, 2025, Austin Community College District issued new loans to students under the Federal Direct Student Loan Program (FDLP). The loan program includes subsidized and unsubsidized Stafford Loans, Parent PLUS Loans and PLUS Loans for students. The value of loans issued for the FDLP is based on disbursed amounts. The loan amounts issued during the year are disclosed on the Schedule. Austin Community College District 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 Austin Community College District’s financial statements. Therefore, it is not practicable to determine the balance of loans outstanding to students and former students of Austin Community College District on August 31, 2025.
The College complies with the following institutional and program eligibility requirements under the Higher Education Act of 1965 and Federal regulations under 34 CFR 668.23: * Correspondence courses that the College offers under 34 CFR 600.7(b) and (g) * Regular students who enroll in correspondence courses under 34 CFR 600.7(b) and (g) * Institution’s regular students who are incarcerated under 34 CFR 600.7(c) and (g) * Completion rates for confined or incarcerated individuals enrolled in non-degree programs at nonprofit institutions under 34 CFR 600.7(c)(3)(ii) and (g) * The institution’s regular students who lack a high school diploma or its equivalent under 34 CFR 600.7(d) and (g)