Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes federal award activity of the Lewis-Clark State College (the College)under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the College, it is not intended to and does not present the financial position, changes in net position, or cash flows of the College.
The federal student loan programs listed subsequently are administered directly by the College, and balances and transactions relating to these programs 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 June 30, 2025 consists of the following: Assistance Outstanding Listing Balance At Number Program Name June 30, 2025 84.038 Federal Perkins Loans $ 53,388 93.364 Nursing Student Loans $293,598
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: o Correspondence courses the institution offers under 34 CFR 600.7(b) and (g) o Regular students that enroll in correspondence courses under 34 CFR 600.7(b) and (g) o Institution’s regular students that are incarcerated under 34 CFR 600.7(c) and (g) o Completion rates for confined or incarcerated individuals enrolled in nondegree programs at nonprofit institutions under 34 CFR 600.7(c)(3)(ii) and (g) o Institution’s regular students that lack a high school diploma or its equivalent under 34 CFR 600.7(d) and (g) o Completion rates for short-term programs under 34 CFR 668.8(f) and (g) o Placement rates for short-term programs under 34 CFR 668.8(e)(2)