THE VANDERBILT UNIVERSITY Notes to the Schedule of Expenditures of Federal Awards Year ended June 30, 2006
cognizant federal agency, the U.S. Department of Health and Human Services. Indirect costs and recoveries of those costs under sponsored programs are classified as unrestricted expenditures and revenue, respectively, in the University’s financial statements.
Negative balances represent programs with unfunded expenditures prior to normal close-out procedures, which were subsequently cost-shared or transferred to nonfederal cost centers.
Federal Student Financial Assistance Programs
Federal student financial assistance made available by the University to eligible students or utilized by the University for allowable administrative expenses under grant, work-study and student loan programs and guaranteed loans offered to students of the University or their parents by financial institutions during the year ended June 30, 2006 are summarized as follows:
1,272,430 1,880,883 1,268,222
Grant and work-study based programs: FWS Pell FSEOG
2,876,767 — — 407,900 —
19,593,451 24,176,705 9,924,538
Direct loans disbursed: Federal Perkins Health Profession Student Loan Primary Care Loan Federal Nursing Student Loan Loans for Disadvantaged Students
Guaranteed loans disbursed: Federal Stafford Federal Unsubsidized Stafford Federal Parent Loans for Undergraduate Students