Notes to SEFA
During the fiscal year ended June 30, 2025, students and their parents were awarded $26,648,874 in federally guaranteed loans under the Federal Direct Student Loan Programs (which includes Loans and Parent Loans for Undergraduate Students). The College 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 the College's basic financial statements. Therefore, it is not practicable to determine the balance of loans outstanding to students and former students of the College at June 30, 2025. The College administers the Federal Perkins Loan Program and the balances and transactions relating to these programs are included in the College's basic financial statements. There were no loans made by the College to eligible students under the Federal Perkins Loan Program during the year ended June 30, 2025. The Federal Perkins loans balance net of allowance at June 30, 2025 and 2024, was $55,514 and $97,511, respectively.