Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of Cairn University (the “University”). All awards received directly from federal agencies as well as financial assistance passed through other governmental agencies or non-profit organizations are included on the schedule.
The Federal Direct Student Loans (Federal ALN Number 84.268) are comprised of the following types of loans: PLUS Loans $ 878,495 Stafford Loans - subsidized 1,416,026 Stafford Loans - unsubsidized 1,810,959 Total Federal Direct Student Loans $ 4,105,480
The University did not pass any awards through to subrecipients.
The amounts reported in the accompanying Schedule of Expenditures of Federal Awards do not include matching contributions made by the University. The University made matching contributions to the following federal awards: Federal Work-Study Program $53,602 The University received a waiver of the matching requirement from the Department of Education for the Federal Work-Study Program and Federal Supplemental Educational Opportunity Grant Program during the year ended June 30, 2025.