Notes to SEFA
The amounts reported below represent administrative costs, total loans issued and amounts outstanding for the year ended August 31, 2025. The following are revolving loans, which have been issued from the repayments of former loans. The loan amounts presented here are included in the basic financial statements of the College as other receivables. Assistance Loans Amounts Program Title Listing Number Issued Outstanding Perkins Loan (1) 84.038 $ - $ 6,245 Nursing Student Loans (2) 93.364 - 187,549 (1) There were no administrative costs or federal capital contributions during the year ended August 31, 2025. Loan cancellations were $3,374 and no loans were assigned to the U.S. Department of Education. (2) There were no federal capital contributions during the year ended August 31, 2025. (56) 187,549 During the year ended August 31, 2025, the College issued new loans to students under the Federal Direct Student Loan Program (FDLP). The loan program includes unsubsidized Stafford Loans, subsidized Stafford Loans, and Parent PLUS Loans. The loan amounts issued during the year are disclosed on the Schedule. The College is responsible only for the performance of certain administrative duties with respect to the federally guaranteed student loan programs and, accordingly, balances related to these loan programs are not included in the College's basic financial statements. Therefore, it is not practicable to determine the balance of loans outstanding to student and former students of the College at August 31, 2025.
The College is in compliance with the following institutional and program eligibility requirements under the Higher Education Act of 1965 and Federal regulations under 34 CFR 668.23: • Correspondence courses the institution offers under 34 CFR 600.7(b) and (g) • Regular students that enroll in correspondence courses under 34 CFR 600.7(b) and (g) • Institution's regular students that are incarcerated under 34 CFR 600.7(c) and (g) • Completion rates for confined or incarcerated individuals enrolled in nondegree programs at nonprofit institutions under 34 CFR 600.7(c)(3)(ii) and (g) • Institution's regular students that lack a high school diploma or its equivalent under 34 • CFR 600.7(d) and (g) • Completion rates for short-term programs under 34 CFR 668.8(f) and (g) • Placement rates for short-term programs under https://www.ecfr.gov/current/title- 34/subtitle-B/chapter-Vl/part-668/subpart-A/section-668.8 34 CFR 668.8(e)(2).