What is the Designated Bonding Authority (DBA)?
In 1994, the Higher Education Act of 1965, as amended (HEA) provided for a Designated Bonding Authority (DBA) to act as the Department’s agent. The DBA and the Department work with your school to determine if your school has a qualified project that would be eligible for refinancing if the school has the necessary credit standing to qualify for a loan. The Department and the DBA established loan criteria, which includes, but is not limited to, your school’s accreditation standing, Title IV eligibility, cohort default rates, enrollment, debt ratio, debt service coverage, and capital improvement plans. Provided the school has qualifying financials, the DBA could issue bonds for capital projects such as student housing, dining and instructional facilities, in addition to many other projects.
Related Questions
- I am not a designated member; however, I have a PhD (DBA/EdD). Are there special eligibility requirements that I could meet that would enable me to teach for the Appraisal Institute?
- Can the Designated Authority initiate Anti Dumping cases in respect of items suo-motu, i.e. on its own, without a petition filed by the aggrieved party ?
- What is the Designated Bonding Authority (DBA)?
