Notes to SEFA
The University is responsible only for the performance of certain administrative duties with respect to its Federal Direct Loan program 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 University under these programs as of June 30, 2025.
The University participated in the FPL Program sponsored by the U.S. government. Under this program, funds were loaned to qualified students and were re-loaned after collection. The U.S. government phased out the program and no disbursements were permitted or made after June 30, 2018. At June 30, 2024, cumulative loans outstanding (net of principal repayments, cancellations, and allowances) totaled $207, 919.