The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal and state grant activity of Warren Wilson College (the “College”) under programs of the federal government and the state of North Carolina 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”) and the State Single Audit Implementation Act. Because the Schedule presents only a selected portion of the operations of the College, it is not intended to, and does not, present the consolidated financial position, changes in net assets, or cash flows of the College.
Federal Direct Student Loans, amounting to $3,393,371, were made to students of the College during the year ended June 30, 2025. Parent Loans for Undergraduate Studies, amounting to $807,898 were made to parents of students of the College during the year ended June 30, 2025.
In January 2016, the College borrowed $16,370,000 from the United States Department of Agriculture. On July 1, 2024, the outstanding balance of this loan was $14,476,350. During the year ended June 30, 2025, the College made principal payments totaling $273,846 on this loan, and the outstanding balance at June 30, 2025 is $14,202,504.
The College received a waiver of institutional-share requirements for the Federal Work-Study Program and the Federal Supplemental Educational Opportunity Grants from the United States Department of Education for the 2024-2025 award year.