Notes to SEFA
The Federal Direct Loan Program is a federally guaranteed loan program and consists of subsidized and unsubsidized federal loans for students and Federal PLUS loans for parents, graduate and professional students. Federal statute requires that proceeds from Federal Direct Loans be disbursed to the College and directly applied to students’ accounts. New loans processed for students during the year ended June 30, 2025, were as follows: Federal Direct Loan Program: Unsubsidized $ 952,310 Plus 679,646 $ 1,631,956 The College is responsible only for the performance of certain administrative duties with respect to the federally guaranteed student loan programs and, accordingly, these loans are not included in its financial statements and it is not practical to determine the balance of loans outstanding to students and former students of the College under these programs at June 30, 2025.
The College has entered into several written arrangements with various other institutions and consortiums that enable its students to attend classes at these other institutions. The College maintains documentation of these other organizations’ eligibility to participate in federal student financial assistance programs.