PULLMAN – A downturn in the price of bonds has resulted in dramatic savings for students at Washington State University.
A $15 million refinance of WSU’s Student Housing and Dining bonds at the low rate of around 3.3% has resulted in a net savings of over $2 million.
“Housing and dining at WSU is entirely supported by students,” said Terry Boston, senior executive director of Student Administrative Services. “This will save over $140,000 every year for the next 15 years.”
The refinanced bonds were originally issued in the mid-1990’s for several student housing projects. The timing of the market with low bond … » More …