Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Hagerstown Community College (the College) for the year ended June 30, 2025. The information in this schedule is presented in accordance with requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the College, it is not intended to and does not present the financial position, change in net position or cash flows of the College.
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. Federal ALN Program Name Loan Expenditures 84.268 Federal Direct Lending $4,132,321
Colleges participating in the Work-Study Program and Supplemental Education Opportunity Grant Program normally are required to provide an institutional share under the program. However, the College qualified for and was granted a waiver of the institutional share requirements under 34 CFR 675.26D of the Work-Study regulations and under Title III or Title V of the Higher Education Act of 1965, as amended.
he 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/