Notes to SEFA
The University is responsible only for the performance of certain administrative duties with respect to its Federal Direct Loan Program and, accordingly, these loans are not included in its financial statements. It is not practicable to determine the balance of loans outstanding to students and former students of the University under these programs as of May 31, 2025.
The University previously received awards to make loans to eligible students under the Federal Perkins Loan Program. However, the U.S. government ended this loan program in 2018. The University has returned the portion of the loan funds required by the U.S. government. Funds are still being collected and are being held until further instruction from the U.S. government. Cumulative loans outstanding (net of principal repayments and cancellations) totaled $143,599.