Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (Schedule) reflects the expenditures of Valor Christian College (the College) under programs of the Federal government for the year ended June 30, 2025. Because the Schedule presents only a selected portion of the operations of the College, it is not intended to, and does not, present the financial position, changes in net assets and cash flows of the College for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
The College makes loans to certain eligible students under Federal student loan programs; however, only the current loan disbursements under the Federal Direct Student Loans program are included in the Schedule of Expenditures of Federal Awards, as the related outstanding loan balances are not included as current federal expenditures, as set forth by the Uniform Guidance. The College does not receive indirect cost rate allocations. For the year ended June 30, 2025, Valor Christian College acted as a pass-through agency for Direct Federal Stafford Loans (subsidized, unsubsidized and PLUS) to students and parents in the amount of $3,296,422.
Valor Christian College did not receive any federal insurance or federal noncash assistance and did not provide any amounts to sub-recipients. Valor Christian College has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.