Notes to SEFA
The Schedule is prepared using generally accepted accounting principles, as described in the College’s basic financial statements.
Matching costs, i.e., the College’s share of certain program costs, are not included in the reported expenditures.
No amounts were provided to subrecipients.
Federal Direct Student Loan Program (Assistance Listing # 84.268) During the year ended August 31, 2025, the College processed $5,985,684 of new loans under the Federal Direct Student Loan Program (which includes subsidized and unsubsidized Direct Loans and Direct Parents’ Loans for Undergraduate Students). With respect to the Federal Direct Student Loan Program, the College is only responsible for the performance of certain administrative duties; therefore, the College’s financial statements do not include any amounts relative to these loans. The cumulative amount of total loans guaranteed and outstanding at August 31, 2025 is undeterminable.