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Higher Education Facilities Trust Fund (HEFT)
In 1995, the Authority issued $220 million principal amount of Higher Education Facilities Trust Fund Bonds to finance project costs related to academic, research and communication facilities improvements. All of the outstanding Series 1995 A Bonds were refunded by the Series 2005 A Bonds in September of 2005.
*Refunding only. No new allocations.
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| Issue |
Maturity |
Interest Rate |
Principal |
Outstanding
4/1/2010 |
| 2005 A* |
09/01/2010 |
4.0%-5.0% |
$90,980,000 |
$20,460,000 |
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Total |
$310,980,000 |
$20,460,000 |
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| Original Loan Amounts |
| Series 1995 A - State Institutions |
| Institution |
Allocation |
| Rutgers, The State University |
$38,880,000 |
| University of Medicine & Dentistry of New Jersey |
$20,160,000 |
| New Jersey Institute of Technology |
$12,960,000 |
| Jersey City State College |
$4,750,000 |
| Kean University |
$6,620,000 |
| Montclair State University |
$7,620,000 |
| Ramapo College of New Jersey |
$3,600,000 |
| Rowan University |
$6,620,000 |
| Richard Stockton College of New Jersey |
$5,550,000 |
| The College of New Jersey |
$6,620,000 |
| William Paterson University of New Jersey |
$6,620,000 |
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| Series 1995 A - Community Colleges |
| Institution |
Allocation |
| Atlantic Cape Community College |
$2,223,000 |
| Bergen County Community College |
$3,506,000 |
| Brookdale County Community College |
$2,651,000 |
| Burlington County Community College |
$3,506,000 |
| Camden County Community College |
$3,506,000 |
| Cumberland County Community College |
$1,354,000 |
| Essex County Community College |
$2,922,000 |
| Gloucester County Community College |
$1,128,000 |
| Hudson County Community College |
$3,506,000 |
| Mercer County Community College |
$1,753,000 |
| Middlesex County Community College |
$2,922,000 |
| County College of Morris |
$1,022,000 |
| Ocean County Community College |
$3,506,000 |
| Passaic County Community College |
$1,432,000 |
| Raritan Valley Community College |
$3,506,000 |
| Salem County Community College |
$1,013,000 |
| Sussex County Community College |
$2,630,000 |
| Union County Community College |
$1,309,000 |
| Warren County Community College |
$605,000 |
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| Series 1995 A - Independent Institutions |
| Institution |
Allocation |
| Bloomfield College |
$1,244,443 |
| Caldwell College |
$777,778 |
| Centenary College |
$1,037,037 |
| College of Saint Elizabeth |
$1,037,037 |
| Drew University |
$1,555,556 |
| Fairleigh Dickinson University |
$2,385,185 |
| Felician College |
$777,778 |
| Georgian Court College |
$777,778 |
| Monmouth University |
$1,814,815 |
| Princeton University |
$2,074,074 |
| Rider University |
$2,074,074 |
| Saint Peter's College |
$1,555,556 |
| Seton Hall University |
$2,074,074 |
| Stevens Institute of Technology |
$1,814,815 |
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| Series 1995 A - Other |
| Institution |
Allocation |
| SouthJersey/Economic Development |
$15,000,000 |
| Newark Law School |
$20,000,000 |
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