Notes to SEFA
During the year ended June 30, 2025, the College processed the following amount of new loans under the Federal Direct Lending Program. Since this program is administered by outside financial institutions, new loans made during the fiscal year relating to this program are considered current year expenditures in the schedule. ALN: 84.268 Program Name: Federal Direct Lending Loan Expenditures: $4,264,884
The Institution is in compliance 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 the institution offers under 34 CFR 600.7(b) and (g) -Regular students that enroll in correspondence courses under 34 CFR 600.7(b) and (g) -Institution’s regular students that 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) -Institution’s regular students that lack a high school diploma or its equivalent under 34 CFR 600.7(d) and (g) -Completion rates for short-term programs under 34 CFR 668.8(f) and (g) -Placement rates for short-term programs under https://www.ecfr.gov/current/title-34/subtitle-B/chapter-VI/part-668/subpart-A/section-668.8 34 CFR 668.8(e)(2)