Notes to SEFA
The federal loan program listed subsequently is administered by the College and balances and transactions relating to this program are included in the College’s basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at May 31, 2025 consisted of: ALN 84.038 Federal Perkins Loan Program $699,729; ALN 93.408 Nurse Faculty Loan Program - ARRRA $38,608; ALN 93.264 Nurse Faculty Loan Program - Non-ARRA $99,807.
There were no subrecipients for the year ended May 31, 2025.