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California Educational Facilities Authority (CEFA)

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 as of March 31, 2012

Bond Financing Program

2012
Bonds Issued
$55,435,000
Facilities Financed
2

Total Bonds Issued
$10,291,058,538
Total Facilities Financed
59 Colleges & Universities

Student Loan Program

Total Bonds Issued
$265,372,500