Connecticut Agency Selling Up to $43M of School Loan Debt

Piazza, Johanna
June 2003
Bond Buyer;6/17/2003, Vol. 344 Issue 31658, p4
Trade Publication
The Connecticut Higher Education Supplemental Loan Authority will be in the market in the week ending June 17, 2003 with a $42.9 million fixed-rate bond issue for family education loans, the first sale under a new master bond resolution adopted barely a week ago. Proceeds will be used to finance student loans, pay the financing fees of the issue and to create a special capital reserve fund to further secure the debt, as mandated by state statute. Both Connecticut residents and out-of state students attending a public or private university in Connecticut are eligible for the loans, which average $9,000 per student.


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