Notes to SEFA
As allowable and in accordance with federal regulations issued by the U.S. Department of Education, during the year ended June 30, 2025, the University carried forward $105,317 of the 2024 2025 Federal Work Study Program (ALN 84.033) award, which was carried forward to be expended in the 2025 2026 award year. The University carried forward $112,465 of the 2023 2024 Federal Work Study Program award, which was spent in the 2024 2025 award year.
Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the schedule of expenditures of federal awards. The balances of loans outstanding at June 30, 2025 consist of the following: See the Notes to the SEFA for chart/table