Notes to SEFA
The federal loan program listed subsequently is administered directly by the University and balances and transactions relating to this program are included in the University’s basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at June 30, 2025, consists of Federal Perkins Loan Program - $261,791
The University provided no federal awards to subrecipients.