January 6, 2012 - Treasurer
The university’s internal borrowing rate has been set for the following fiscal years:
The current borrowing rate is 5.00%. If modeling debt for a longer period than FY 2014-2015, use a minimum of 6.00%. The university anticipates a higher cost of capital as debt is restructured from variable rate to a fixed rate.
In the next few months, the Plant Accounting department will provide updated amortization schedules for each loan. If you have any questions about debt, contact Carolann Saggese. If you have questions about amortization schedules, contact Vivian Rappleye.