THE VANDERBILT UNIVERSITY Notes to the Schedule of Expenditures of Federal Awards Year ended June 30, 2006
The Perkins, Health Profession Student Loan (HPSL), Primary Care Loan (PCL), Nursing Student Loan (NSL), and Loans for Disadvantaged Students (LDS) programs are administered directly by the University and balances and transactions relating to these programs are included in the loan funds of the University’s financial statements. Balances of loans outstanding at June 30, 2006 are as follows:
486,050 322,792 1,277,649 1,779
HPSL PCL NSL LDS
The University is responsible for the performance of certain administrative duties with respect to the guaranteed loan programs. It is not practical to determine the balance of loans outstanding to students and former students of the University under these programs for the year ended June 30, 2006. These loans are not included in the University’s consolidated financial statements.