ERIC Number: ED490071
Record Type: Non-Journal
Publication Date: 2005-Feb-20
Capital Financing For Private & Independent Schools
This paper is a primer for school boards and management. It provides a basic overview of the key issues, considerations and options associated with the use of debt by private schools to address facility financing needs. In addition, for a school which has decided to pursue debt financing, it provides basic guidelines for the choice of debt modality and structure depending on that school's finances, type and amount of financing sought and the financial environment at the time of the planned borrowing. The paper discusses tax-exempt and taxable debt, bank loans, publicly-offered and privately placed bond issues and the use of derivative product (interest rate swaps, caps, etc.) in school financings.
Publication Type: Reference Materials - General; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A