Loan balances receivable from students under federal programs are as follows at June 30, 2025: Federal Assistance Listing Number Amount Federal Perkins Loan Program 84.038 $ 818,517 Nursing Student Loan Program 93.364 519,207 Health Professions Student Loan Program 93.342 946,102 Nursing Faculty Loan Program 93.264 2,352,456 $ 4,636,282
The University is responsible for the performance of certain administrative duties under the Direct Loan program, including origination and disbursement of loans. It is not practical to estimate the outstanding balance of loans under this program. During the fiscal year ended June 30, 2025, the University processed the following amount of new direct loans: Amount Direct Loans - Stafford/PLUS/Unsubsidized Loans: Stafford Subsidized $ 9,527,261 Stafford Unsubsidized 36,858,982 Parent PLUS 28,088,971 Graduate PLUS 27,717,363 Total $ 102,192,577
Subrecipients Certain funds are passed through to subgrantee organizations by the University. Expenditures incurred by the subgrantees and reimbursed by the University are included in the Schedule. The University is also the subrecipient of federal funds, which have been reported as expenditures and listed as federal pass-through funds. Payments of federal funds to subrecipients for the year ended June 30, 2025, were as follows: Subrecipient Grant Description Federal Assistance Listing Number Grant # Amount Atrium Health Wake Forest Baptist DOD - Janjic 12.800 FA8650-20-2-6224 $ 5,571 Atrium Health Wake Forest Baptist USDOD - Janjic 12.420 W81XWH2010276 305,720 Atrium Health Wake Forest Baptist USDOD-Janjic/Porter 12.420 W81XWH2010854 90,197 Atrium Health Wake Forest Baptist DOD-Manickam 12.420 HT94252310218 74,543 Franciscan University of Steubenville NIH-Montgomery 93.859 R15GM148917 28,105 Mayo Clinic NIH-Gionfriddo 93.853 UE5NS128228 18,935 University of Pittsburgh NIH-Leak 93.853 R15NS130532 14,986 University of Pennsylvania NIH-Leak 93.853 R15NS130532 12,527 University of Pittsburgh NIH-Leak 93.853 R21NS141002 11,304 University of Pennsylvania NIH-Leak 93.853 R21NS141002 4,858 University of Pittsburgh NIH-Manickam 93.853 R01NS136752 12,073 The University of Texas at Dallas NIH-Neilan 93.853 R15NS128624 46,826 University of Pittsburgh NIH-O'Donnell 93.853 R15NS141047 2,236 Kaiser Foundation Research Institute NIH-Turk 93.840 R15HL163736 28,481 Total payments to subrecipients $ 656,362