Lesson 5: Notes to the SEFA Web Application

Note 3a – Student Loans Processed and Administrative Cost Recovered

In Note 3a, each agency must disclose information about student loans with outstanding balances because these loans have continuing compliance requirements. Though the student loan ending balances are not included in an agency’s Schedule 1A, the loans are included in the statewide consolidated SEFA. The ending balances of each loan reported in Note 3a are automatically added as reconciling items to SEFA Note 2.

Agencies with Note 3a loans must complete Note 3a before completing the Note 2 reconciliation.

Click Save after any changes. If this note is not applicable to your agency, click Save and do not enter any other information in this screen.

See Note 3: Student Loans for more information.

Next: Note 3b – Federally Funded Loans Processed and Administrative Cost Recovered