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      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
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      <FederalGrantAuditPerformedInd>true</FederalGrantAuditPerformedInd>
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        <Desc>PROPERTY HELD FOR FUTURE USE</Desc>
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        <Desc>DUE FROM RELATED PARTIES</Desc>
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        <FormAndLineReferenceDesc>SCHEDULE E, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE POLICY IS PUBLISHED ON THE INSTITUTION WEB PAGE AND IN THE CATALOG.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION - THE UNIVERSITY PARTICIPATES IN FEDERAL STUDENT FINANCIAL AID (SFA) PROGRAMS. FUNDS FROM SFA PROGRAMS FOR WHICH THE UNIVERSITY IS RESPONSIBLE FOR DETERMINING STUDENT ELIGIBILITY AND DISBURSING, ARE RECORDED AS REVENUE WHEN AWARDED TO STUDENTS. IN ADDITION, THE UNIVERSITY ACTS AS AN AGENT FOR CERTAIN SFA CLUSTER PROGRAMS. SINCE THESE ARE DIRECT GRANTS TO THE STUDENTS, THE UNIVERSITY DOES NOT INCLUDE THESE AMOUNTS AS REVENUES OR EXPENSES IN THE FINANCIAL STATEMENTS.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>NON PROFIT EDUCATIONAL INSTITUTION WITH FOUR EDUCATIONAL FACILITIES LOCATED IN CAROLINA, HATO REY, JUANA DIAZ, AND MANATI. THE UNIVERSITY IS LICENSED BY THE PR GENERAL COUNCIL AND ACCREDITED BY THE ACCREDITING COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLS (ACICS) AGENCY. ALSO, THE UNIVERSITY HAS A PROGRAM PARTICIPATION AGREEMENT WITH THE US DEPARTMENT OF EDUCATION WHEREBY ITS STUDENTS COULD BENEFIT, UPON QUALIFICATION, FROM VARIOUS FEDERAL STUDENT AID PROGRAMS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>CARLOS QUIONES ABSOLUTE COMMUNITY INVESTMENTS MAYRA VILANOVA FINANCIAL AID DIRECTOR</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE VICE-PRESIDENT REVIEWS THE RETURN BEFORE FILING IT.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS VERIFIES AND APPROVES MOST OF THE CONTRACTS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS THE FINANCIAL STATEMENTS PUBLISH IN THE CLEARING HOUSE OFFICE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE FOR THE PUBLIC UPON REQUEST.</ExplanationTxt>
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