Notes to SEFA
During the year ended June 30, 2025, no loans were advanced under the Federal Perkins Loan Program and there was no administrative cost allowance claimed. As of June 30, 2025, the amount of Perkins Loans outstanding was $1,536. The expenditures included on the Schedule consist of Perkins Loans outstanding at June 30, 2024 and cancelations in fiscal year 2025.
For the Federal Direct Student Loan Program, the University is only responsible for the performance of certain administrative duties; therefore, the associated net assets and transactions are not included in the University’s consolidated financial statements, and it is not practicable to determine the balances of loans outstanding to students of the University under this program at June 30, 2025. The Schedule includes the amounts loaned to students during the year ended June 30, 2025.