Notes to SEFA
During the fiscal year ended June 30, 2025, the University issued new loans to students under the Federal Direct Student Loan Program. The loan amounts issued during the year are disclosed on the SEFA. The University is responsible only for the performance of certain administrative duties with the respect to federally guaranteed student loan programs and accordingly, balances and transactions relating to these loan programs are not included in the University’s basic financial statements. Therefore, it is not practicable to determine the balance of loans outstanding to students and former students of the University at June 30, 2025. In addition, the University participates in the Federal Perkins Loan Program. The Loan program is directly administered 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, loans made during the year and administrative cost allowance are included in the federal expenditures presented in the SEFA. The outstanding balance at June 30, 2024 was $581,552. There were no new loans issued through the Federal Perkins Program during the year ended June 30, 2025.
The University did not receive any federal non-cash assistance during the fiscal year ended June 30, 2025.
There was no federally-funded insurance in effect during the fiscal year ended June 30, 2025.
The University’s Library serves as a depository library for the U.S. Government Publishing Office’s Federal Depository Library Program. The University is the legal custodian of government publications received under this program, however, these publications remain the property of the federal government.