Since 1966 NJEFA has been committed to the advancement of higher education in New Jersey. NJEFA has done so by staying true to the foundation of its mission to support world class higher education throughout the state. As a public fiduciary, our business is to help our colleges and university clients obtain low-cost financing for the development and preservation of campus facilities. In doing so, we are helping our clients make critical infrastructure investments so that they can provide state-of-the-art academic environments for New Jersey students.

Since 1966, NJEFA has completed more than 540 transactions on behalf of New Jersey colleges and universities with a total par value over $22 billion and a record of 0 defaults.

Since 2015 NJEFA has secured New Jersey institutions over $465 million in net present value savings on debt service costs through refunding transactions.

NJEFA is proud to offer New Jersey institutions multiple low-cost financing options to meet their capital needs, including:

• Tax-exempt Bond Financing
• Direct Placement / Bank Purchase
• Tax-exempt Leasing Program
• Public-Private Partnership financing

• Work with institutions to develop a plan that will meet their capital financing needs
• Manage the financing process and professionals
• Assist in the preparation of borrowing documents
• Bring bond issuances to the market
• Invest bond proceeds
• Retain arbitrage rebate service providers and swap monitors
• Process bond fund requisitions
• Monitor for potential refinancing opportunities