Notes to SEFA
The Federal Perkins Loan Program is administered directly by the University and balances and transactions relating to the program are included in the University’s financial statements. The balance of loans outstanding under the Federal Perkins Loan program was $85,406 at June 30, 2025. Federal Family Education Loan Program (FFELP) and direct loans are not included in the University’s financial statements, though the University is responsible for the performance of certain administrative duties with respect to the FFELP and Direct Loan programs.
Students received new Federal Direct Student Loans (Direct Loans) totaling $6,607,305 from the ED during the year ended June 30, 2025. The University is responsible only for the performance of certain administrative duties with respect to its participation in the Direct Loans program and, accordingly, these loans are not included in its basic financial statements. It is not practicable to determine the balance of loans outstanding to students and former students of the University under this program as of June 30, 2025.
The University did not match funds awarded to students under the FWS program for the year ended June 30, 2025.