Notes to SEFA
The federal loan programs listed subsequently are administered directly by the University, and balances and transactions relating to these programs 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 loans outstanding at June 30, 2025, consists of FEDERAL PERKINS LOAN PROGRAM (84.038) - Balances outstanding at the end of the audit period were $789,261. COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were $34,501,871.
There were no subrecipients during the year ended June 30, 2025.