Notes to SEFA
The College is responsible for the performance of certain administrative duties with respect to the Federal Direct Loan Program. The balance of loans outstanding at June 30, 2025 consists of: Federal Direct Subsidized Loans at June 30, 2025 $ 166,856 Federal Direct Unsubsidized Loans at June 30, 2025 482,861 PLUS Loans at June 30, 2025 962,960 Total Federal Direct Student Loan Program $ 1,612,677
Program Cash Balances at June 30, 2025 $ - Program Loan Balances Outstanding at June 30, 2025 $ - The loan program noted above is administered directly by the College and balances and transactions relating to these programs are included in the College's financial statements. Perkins loans cancellations, under Federal Assistance Listing #84.037, for the year ended June 30, 2025 were $-0-. The Federal Perkins Loan Program was closed under a separate close out audit and was completed as of June 30, 2025.
The Institution is in compliance with the following institutional and program eligibility requirements under the Higher Education Act of 1965 and Federal regulations under 34 CFR 668.23: • Correspondence courses the institution offers under 34 CFR 600.?(b) and (g) • Regular students that enroll in correspondence courses under 34 CFR 600.?(b) and (g) • Institution's regular students that are incarcerated under 34 CFR 600.?(c) and (g) • Completion rates for confined or incarcerated individuals enrolled in non-degree programs at nonprofit institutions under 34 CFR 600.7(c)(3)(ii) and (g) • Institution's regular students that lack a high school diploma or its equivalent under 34 CFR 600.?(d) and (g) • Completion rates for short-term programs under 34 CFR 668.8(f) and (g) • Placement rates for short-term programs under https://www.ecfr.gov/current/title-34/subtitle-B/chapter-Vl/part-668/subpart-A/section-668.8 34 CFR 668.8(e)(2)