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California Educational Facilities Authority

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, 2013

Bond Financing Program

2013
Bonds Issued
$392,620,000
Facilities Financed
3

Total Bonds Issued
$10,948,563,538
Total Facilities Financed
59 Colleges & Universities

Student Loan Program

Total Bonds Issued
$265,372,500