Notes to SEFA
The federal loan program listed subsequently is administered directly by the University, and balances and transactions relating to this program are included in the University’s basic financial statements. Loans outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. There were no loans made during the year. The balance of loans outstanding consists of the below at June 30, 2025: Assistance Listing Number Program Name Outstanding Balance at June 30, 2025 84.038 Federal Perkins Loan Program $262,000