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About the California Educational Facilities Authority (CEFA)
Programs
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 December 31, 2012
Bond Financing Program
2012
Bonds Issued
$320,320,000
Facilities Financed
9
Total Bonds Issued
$10,555,943,538
Total Facilities Financed
59 Colleges & Universities
Student Loan Program
Total Bonds Issued
$265,372,500