Notes to SEFA
The College is responsible only for the performance of certain administrative duties with respect to its Federal Direct Loan program and, accordingly, these loans are not included in its consolidated financial statements. It is not practicable to determine the balance of loans outstanding to students and former students of the College under these programs as of June 30, 2025.
The College previously received awards to make loans to eligible students under the Federal Perkins Loan Program. However, the U.S. government ended this loan program in 2018. The College has returned the portion of the loan funds required by the U.S. government. Funds are still being collected and are being held until further instruction from the U.S. government. Cumulative loans outstanding (net of principal repayments and cancellations) totaled $137,624 as June 30, 2025. There were no loans advanced under the Federal Perkins Loan program in 2025.