Notes to SEFA
Federal Direct Student Loans (FDSL) FDSL is a loan program administered by CASPN. FDSL loans are intended to pay for the cost of students attending post-secondary educational institutions. The program includes subsidized and unsubsidized Stafford loans and PLUS loans. CACC is responsible only for the performance of certain administrative duties with the respect to these federally guaranteed student loan programs and accordingly, balances and transactions relating to these loan programs are not included in the CACC’s basic financial statements. Total FDSL awards during the year ended June 30, 2025 was $ 1,052,285. Federal Pell Grant The Federal Pell Grant Program makes grants to eligible undergraduate students and is intended to provide a foundation of federal financial aid. CASPN is only responsible for determining, and if necessary, verifying student eligibility and application data, making accurate award computations and disbursements, collecting overpayments and remitting refunds timely. Accordingly, balances and transactions relating to these grant programs are not included in the CACC’s basic financial statements. Total Pell Grant awards during the year ended June 30, 2025 were $ 1,000,458.
CACC received no non-cash federal awards during the year ended June 30, 2025.
Of the federal expenditures presented in the schedule of expenditures of federal awards, no federal awards were provided to subrecipients.
As of June 30, 2025, there was no federal insurance in effect and no loans or loan guarantees outstanding.