Notes to SEFA
The School did not have any non-cash awards for the year ended December 31, 2025.
There were no payments made to subrecipients for federal awards during the year ended December 31, 2025.
The School is responsible to originate and process but not to provide funding for the Federal Direct Student Loan Program. The amount presented above represents the value of the Federal Direct Student Loans awarded by the USDOE during the year.
As defined in the Uniform Guidance, the Student Financial Assistance Programs are considered to be a cluster and accordingly, have been classified as one program for testing purposes. The Student Financial Assistance Cluster has been defined as a major program.