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California Educational Facilities Authority

About the California Educational Facilities Authority (CEFA)


CEFA administers programs that provide tax-exempt, low-cost financing to private, non-profit higher educational facilities: a Bond Financing Program for construction projects, and a short-term Equipment Financing Program. Previously administered programs include an Academic Assistance Grant Program and a Student Loan Program.

Additionally, CEFA manages the California Student Loan Authority, which has the authority to issue tax-exempt bonds to fund student loans and to purchase federally reinsured student loans from eligible lending institutions.

Fast Facts as of June 30, 2014

Bond Financing Program

Bonds Issued
Facilities Financed

Total Bonds Issued
Total Facilities Financed
59 Colleges & Universities

Student Loan Program

Total Bonds Issued