California Educational Facilities Authority
About CEFA
Programs
CEFA administers several programs that provide tax-exempt, low-cost financing to private, non-profit higher educational facilities; a Bond Financing Program for construction projects, a short-term Equipment Financing Program, 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
Bond Financing Program
2008
Bonds Issued
$915,860,000
Facilities Financed
11 Colleges & Universities
Total Bonds Issued, lifetime
$8,612,568,538
Total Facilities Financed
59 Colleges & Universities
Academic Assistance Grant Program
Total Awarded, lifetime
$2,000,000
Total Grant Recipients
9 Colleges & Universities
Student Loan Program
Total Bonds Issued, lifetime
$265,372,500