south-carolina-state-university-meeting-minutes-2025-01-31_1a9.pdf
SC State University Secures $100M Education Loan
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Description
South Carolina State University secured a $100 million loan from the United States Department of Education for HBCU capital finance. The 30-year loan carries an estimated interest rate of 4.8%, resulting in total principal and interest charges of $232 million.
Contract Details
Contract Amount
$100,000,000
Vendor
DEPARTMENT OF EDUCATION
Agency
South Carolina State University, SC
Contract Type
Loan
Document Date
January 31, 2025
Contract Term
30 years
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