$6.8M in expenses

The corporation serviced student loans incurred under the higher education ACT of 1965 as amended. The primary source of funds was the issuance of tax-exempt bonds and taxable notes. In 2014, the corporation issued taxable bonds to refinance its debt and is no longer eligible to issue tax-exempt bonds.

$822K in expenses

Funds contributed to woodward hines education foundation for its general operations.