Notes to SEFA
The Schedule is prepared using generally accepted accounting principles, as described in the College’s basic financial statements.
Matching costs, i.e., the College’s share of certain program costs, are not included in the reported expenditures.
No amounts were provided to subrecipients.
Nursing Student Loan Program For the year ended August 31, 2025, the College made no loans under the Nursing Student Loan Program and there was no administrative cost allowance claimed. Previous loans were funded with federal expenditures, the College’s institutional funds under its matching requirement, and principal and interest repaid to the College related to previous loans. The outstanding balance of loans receivable under this program was $8,968 at August 31, 2025. Federal Direct Student Loan Program (Assistance Listing # 84.268) During the year ended August 31, 2025, the College processed $6,841,607 of new loans under the Federal Direct Student Loan Program (which includes subsidized and unsubsidized Direct Loans and Direct Parents’ Loans for Undergraduate Students). With respect to the Federal Direct Student Loan Program, the College is only responsible for the performance of certain administrative duties; therefore, the College’s financial statements do not include any amounts relative to these loans. The cumulative amount of total loans guaranteed and outstanding at August 31, 2025 is undeterminable.