Higher education bonds

The Trump administration has dealt several blows to an already-battered sector. 

State Treasuer Brad Briner said he hopes a longer maximum maturity will lead more borrowers to use the state conduit instead of the Public Finance Authority.

Glenn Hegar, the state comptroller since 2015, was chosen as the next chancellor for the Texas A&M University System by its board of regents.

Trustees of New Jersey City University voted to approve the pursuit of a merger with Kean University, a larger fellow state university 12 miles away.

The IRS has issued a preliminary determination that educational and general revenue bonds issued in 2018 by the University of Rhode Island are taxable due to alleged noncompliance with requirements of Section 149(g).

The rating agency said the one-notch downgrade, which comes ahead of a bond sale, was due to weaker operating performance and liquidity.

The school wants to be able to offer bonds supported by its general fund and not just bonds its revenue streams.

Moody's cited heavy reliance on reserves, potential for continued operating deficts, and a fall 2024 decline in enrollment as factors in the downgrade.

The president of St. Augustine University in North Carolina called the loan a "necessary evil" as it fights to remain solvent and accredited.

A dispute over open meetings laws has stalled progress on UI's plans to purchase online University of Phoenix.

Nonprofit Provident Resources Group is buying a five-year old student housing building that serves the University of Central Florida and Valencia College.

The University of Chicago embarked on the Illinois Finance Authority's largest financing ever to transform its capital structure and fund major projects.

The low-rated, Phoenix-based university turned to a public debt sale after refinancing maturing outstanding bonds with bridge loans.

Northern Illinois University is going to market with $62 million of certificates of participation to finance energy-saving projects affecting 50 buildings.

The Philadelphia-based university straddles the higher education and healthcare sectors, but market demand suggests it's greater than the sum of its parts.

Pressure on the state budget level is being felt by both the University of California and California State University systems.

The 10 largest underwriters of education issuance in the first half of 2024 accounted for $48.172 billion.

The Metropolitan College of New York wants to sell real estate in lower Manhattan as part of a deal with bondholders allowing the school to skip a debt payment

The 10 largest issuers of education issuance in the first half of 2024 accounted for $15.219 billion.

Education issuance in the first half of 2024 rose 27% year-over-year, increasing to $64.516 billion across 1,646 issues from $50.796 billion in 1,559 transactions from 1H 2023.