Notes to SEFA
During the fiscal year ended May 31, 2026, the College processed $7,806,052 of new loans under the Federal Direct Student Loans Program (Assistance Listing #84.268). The College is responsible only for the performance of certain administrative duties with respect to the Federal Direct Student Loans Program and, accordingly, these loans are not included on the College’s consolidated financial statements; furthermore, it is not practical to determine the balance of loans outstanding to students and former students of the College under this program at May 31, 2026.
The federal financial assistance from the U.S. Department of Agriculture (USDA), Community Facilities Loans and Grants program, is in the form of interest-bearing loans to be repaid in accordance with the terms of the agreements. Because of the continuing compliance requirements, the total outstanding balances at the beginning of the fiscal year is reported on the Schedule.