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Low Cost Capital to Finance
HBCU Improvements

Recognizing the prominent role of Historically Black Colleges and Universities in American history, the U.S. Department of Education's Capital Financing Program addresses a widespread need of HBCUs for capital improvements and their general lack of access to traditional funding sources. This unique program:

Finances important capital projects at the lowest cost of borrowing available in today's challenging credit environment.
Guarantees repayment of debt principal through the U.S. Department of Education, with no fee.
Grants loans typically ranging from $10 to $20 million, but may be larger.

Rice Capital Access Program

Working with you to finance HBCU improvements

The Rice Capital Access Program enables HBCUs across the nation to expand their educational mission and enhance their historic role in American higher education.

The premier investment bank serving HBCUs, Rice Financial Products Company serves as the Designated Bonding Authority (DBA) for the HBCU Capital Financing Program through its subsidiary, Rice Capital Access Program. Rice is an established 100% African-American owned firm with a track record of service to HBCUs and other higher education issuers across the country.
Learn more>>

In April 2009, Rice Capital Access Program selected BNY Mellon, the world’s leading provider of trust and custody services, as trustee and paying agent for the program. The decision was based on Rice’s long and successful working relationship with BNY Mellon as well as its financial strength and stability, leadership role in the debt capital markets, experience working with U.S. Government Agencies, and uncompromising commitment to diversity.

Bryant Miller Olive serves Rice Capital Access Program as bond counsel.

 
  Program Updates and News

Rice Financial's HBCU Program Update:  Volume I, Number 2

(11/30/11) More>>

Secretary of Education Arne Duncan Delivers Speech:  Changing the HBCU Narrative

(6/3/10) More>>

Rice Financial Named Designated Bond Authority for Department of Education HBCU Financing Program (4/28/09) More>>

 

News archives>>

HBCU loan rates

HBCU loans are the lowest cost way to finance capital projects. Rates vary according to the term of the project. Loans are available at 0.225% (22.5bp) over the corresponding short-term Treasury note or long-term Treasury bond and are fixed for the life of the loan.



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