Federal Direct Student Loans (ALN 84.268): Nonprofit Single Audit Statistics
309 nonprofits reported spending Federal Direct Student Loans (ALN 84.268) funds in single audits for audit year 2025, $8,008,716,743 in total. 88 of 309 of those audits (28.5%) reported at least one finding on the program. Data as of 2026-11-06.
Data as of Nov 6, 2026 · Source: Federal Audit Clearinghouse (public data)
How many nonprofits report spending Federal Direct Student Loans funds?
309 nonprofits reported Federal Direct Student Loans (ALN 84.268) in single audits for audit year 2025, $8,008,716,743 in federal awards expended in total. A nonprofit is counted once per audit year.
| Audit year | Nonprofits | Amount expended |
|---|---|---|
| 2021 | 426 | $10,972,990,286 |
| 2022 | 435 | $9,881,422,925 |
| 2023 | 348 | $7,465,771,513 |
| 2024 | 323 | $7,721,203,557 |
| 2025 | 309 | $8,008,716,743 |
How often is Federal Direct Student Loans audited as a major program?
267 of 309 (86.4%) of these audits for audit year 2025 audited the program as a major program, one the auditor tests in depth under 2 CFR 200.518. The table gives the auditor’s opinion on the program in those audits.
| Opinion on the program | Audits |
|---|---|
| Unmodified | 258 of 267 (96.6%) |
| Qualified | 9 of 267 (3.4%) |
| Adverse | 0 of 267 (0.0%) |
| Disclaimer | 0 of 267 (0.0%) |
How often do audits report findings on Federal Direct Student Loans?
88 of 309 (28.5%) of these audits for audit year 2025 reported at least one finding on the program. A finding counts for the program when the filing links it to an award under this Assistance Listing.
| Audit year | Audits with a finding on the program |
|---|---|
| 2021 | 104 of 426 (24.4%) |
| 2022 | 108 of 435 (24.8%) |
| 2023 | 99 of 348 (28.4%) |
| 2024 | 98 of 323 (30.3%) |
| 2025 | 88 of 309 (28.5%) |
Which compliance requirements do those findings cite?
A finding can cite more than one requirement. The counts can add to more than the number of findings.
| Requirement | Findings |
|---|---|
| Special tests and provisions (N) | 103 |
| Reporting (L) | 32 |
| Eligibility (E) | 20 |
| Other / not classified (P) | 10 |
| Cash management (C) | 7 |
| Activities allowed or unallowed (A) | 5 |
| Allowable costs / cost principles (B) | 1 |
Is the money received directly or through a pass-through entity?
306 of 309 (99.0%) of these audits reported at least one award received directly from the federal agency; the others report the program through a pass-through entity.
| How the award was received | Audits |
|---|---|
| At least one award directly from the federal agency | 306 of 309 (99.0%) |
| Only through a pass-through entity | 3 of 309 (1.0%) |
Which states report the most Federal Direct Student Loans spending by nonprofits?
The ten states with the most nonprofits reporting the program for audit year 2025, with the federal awards those nonprofits expended.
| State | Nonprofits | Amount expended |
|---|---|---|
| New York | 30 | $771,939,641 |
| California | 29 | $619,122,701 |
| Pennsylvania | 25 | $490,660,967 |
| Ohio | 19 | $214,907,659 |
| Illinois | 18 | $166,117,711 |
| Massachusetts | 14 | $186,100,037 |
| Florida | 12 | $227,149,059 |
| Maine | 12 | $182,318,125 |
| Washington | 10 | $83,993,419 |
| Texas | 9 | $212,021,560 |
Which audit firms were observed on the most filings that report Federal Direct Student Loans?
The auditor is the firm observed on each filing; this is not a client list. A firm is shown once under the name it files with, ranked by the nonprofits whose filing reports the program.
| Audit firm observed | Nonprofits |
|---|---|
| KPMG LLP | 25 |
| CliftonLarsonAllen LLP | 20 |
| Forvis Mazars, LLP | 16 |
| Ernst & Young LLP | 15 |
| BDMP Assurance, LLP | 12 |
| Baker Tilly US, LLP | 11 |
| PricewaterhouseCoopers LLP | 11 |
| Grant Thornton LLP | 9 |
| RSM US LLP | 9 |
| Plante & Moran, PLLC | 8 |
Read next
- All federal programs nonprofits report
- Single audit findings by compliance requirement
- All AuditRadar statistics
How we computed this
Counts cover single audit filings by non-profit organizations for audit year 2025 in the Federal Audit Clearinghouse. A nonprofit is counted once per program. Amounts are federal awards expended as reported on the schedule of expenditures of federal awards. A finding is counted for a program when the filing links it to an award under this Assistance Listing. Listings reported by fewer than 100 nonprofits have no page.
Cite this page
AuditRadar. “Federal Direct Student Loans (84.268): Single Audit Data.” https://getauditradar.com/statistics/federal-programs/84-268/. Data as of 2026-11-06.