Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of New England College (the College) under programs of the federal government for the year ended June 30, 2025. The information in the Schedule is presented in accordance with 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 portion of the operations of the College, it is not intended to and does not present the financial position, changes in net assets or cash flows of the College.
Federal Supplemental Educational Opportunity Grants expenditures in fiscal year 2025 consisted of the following: See the Notes to the SEFA for chart/table
Federal Work-Study Program expenditures in fiscal 2025 consisted of the following: See the Notes to the SEFA for chart/table
During the year ended June 30, 2025, the College processed the following new loans under the Federal Direct Student Loans. The loans were made directly through the U.S. Department of Education. See the Notes to the SEFA for chart/table
The following sets forth certain balances and activities in the Federal Perkins Loan Program for the year ended June 30, 2025: See the Notes to the SEFA for chart/table