The primary mission of the Authority is to serve the capital needs of Iowa’s private colleges and universities in the most cost-effective manner. IHELA does not receive any appropriations from the State of Iowa. Operations are sustained by fees generated from the financings issued by the Authority. The Board of Directors regularly evaluates the Authority’s various fee schedules to maintain affordability and market competiveness.
The borrower is responsible for paying the costs of issuance, including the fees and expenses of bond counsel and IHELA’s financial advisor. Up to 2% of these expenses may be reimbursed to the borrower from bond proceeds. Costs of issuance that exceed 2% must be paid from sources other than bond proceeds.
Please contact the Authority for more information.