Over the course of a 30-year loan of $100 million, Howard said ERAU could save upwards of $4 million.
The university currently has just under $200 million in outstanding bonds through the Volusia County Educational Facility Authority.
In addition to the savings, it s an indication the university s financial stability is strong and improving. It’s validation that some of the things that we’ve been doing have improved the university. It means we can continue to invest in our strategic priorities and maintain and improve the value proposition with the student coming to Embry-Riddle and getting a degree, Howard said.
Embry-Riddle grows enrollment, improves infrastructure