Notes to SEFA
The College is responsible only for the performance of certain administrative duties with respect to its Federal Direct Loan programs and, accordingly, these loans are not included in its financial statements. It is not practicable to determine the balance of loans outstanding to students and former students of the College under these programs as of June 30, 2025.
The federal student loan programs listed below 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 balances of loans outstanding at June 30, 2025 were: CFDA Number Program Name Balance at June 30, 202584.038 Federal Perkins Loan $ 65,342 93.364 Nursing Student Loans 48,433
As part of its Higher Education Institutional Aid Grant, the College was authorized to create an endowment fund using federal grant proceeds together with required matching contributions to be held for a period of 20 years. The balance of federal awards included in the endowment fund was $2,000,000, which is included in the federal expenditures presented in the Schedule.