BIDPX

About BIDPX

The Massachusetts Educational Financing Authority 3.83% Municipal Bond due July 1, 2024 is a fixed-rate municipal bond issued by the Massachusetts Educational Financing Authority, a public entity established to support access to higher education through financing solutions. This bond is part of the Authority’s Education Loan Revenue Bonds program, which funds a portfolio of private student loans made under the MEFA Loan initiative. The primary function of the bond is to raise capital that is then lent to students and families to finance educational costs, making higher education more accessible in Massachusetts. The bond offers a 3.83% fixed interest rate and is structured to repay investors their principal upon maturity, with interest paid at regular intervals. Backed by a diversified pool of student loans and managed under strict debt management and disclosure practices, the bond benefits from dedicated reserve accounts and compliance with tax-exempt financing rules. These features contribute to its creditworthiness and stability. Within the broader financial market, this type of municipal revenue bond plays a significant role in supporting education funding and is considered a specialized instrument within the state’s robust municipal bond sector, which includes education, healthcare, and essential public services.