TITLE

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

AUTHOR(S)
Piazza, Johanna
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/17/2003, Vol. 344 Issue 31658, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
10112195

 

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