FMX Home
Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Pass-Through Activity

Notes to SEFA
Note 3: Student Loans

Report the total amount of loans disbursed to students under the various federal student loan programs in SEFA Note 3. The total amount of new loans reported in Note 2 is populated from the amount entered in Note 3.

Include the following information in SEFA Note 3:

  • CFDA number
  • Total new loans processed for each program
  • Beginning balances of loans from prior fiscal years made from federal funds
  • Total administrative costs recovered from the federal government for each program
  • Interest subsidy received
  • Loans or loan guarantees outstanding at fiscal year-end
  • Ending balances of loans from prior fiscal years made from federal funds

Note: Ending balances are required because the outstanding loans have continuing federal compliance requirements. The ending balance is calculated as:

Beginning balances of loans from prior fiscal years made from federal funds
+ Total loans processed and administrative costs recovered
– Repayment/Adjustment activity
= Outstanding balance of loans

CFDA Number New Loans Processed Ending Balances of PY Loans
84.032 Federal Family Education Loans Yes Yes
84.038 Federal Perkins Loans (Perkins)* Yes Yes
84.268 Federal Direct Student Loans (Direct Loans) Yes No
93.108 Health Education Assistance Loan Program (HEAL) Yes Yes
93.264 Nursing Faculty Loan Program Yes Yes
93.342 Health Professions Student Loans (HPSL), including Primary Care Loans/Loans for Disadvantaged Students Yes Yes
93.364 Nursing Student Loans Yes Yes
93.408 ARRA – Nursing Faculty Loan Program Yes Yes

*If the Perkins Loan Program was outsourced, the university must disclose this fact and state the name of the company.

Glenn Hegar
Texas Comptroller of Public Accounts
Questions? Contact statewide.accounting@cpa.texas.gov
Comptroller.Texas.Gov | FMX
FMX Sitemap | Contact FM
Accessibility Policy | Privacy and Security Policy