Summary: Iowa State Board of Regents; Auxiliary - System; Public Coll/Univ - Unlimited Student Fees

Veronica Vilardo, New York (1) 212-208-1761; Joshua Stern, New York (1) 212-208-1241 The 'A' rating on the Iowa State Board of Regents field house and academic building revenue bonds, issued for the University of Northern Iowa (UNI), reflects: * Strong state support, * Stable enrollment, * A moderate debt burden, and * The broad pledge of an unlimited student fee assessed on all students attending the university. The 'A-' dormitory revenue bond rating reflects continued strong demand for housing and adequate debt service coverage from pledged residence hall system revenues. As one of only three state-supported universities, UNI receives about 11% of total state higher education appropriations, as compared to the flagships, University of Iowa and Iowa State University, which

...The 'A' rating on the Iowa State Board of Regents field house and academic building revenue bonds, issued for the University of Northern Iowa (UNI), reflects: * Strong state support, * Stable enrollment, * A moderate debt burden, and * The broad pledge of an unlimited student fee assessed on all students attending the university. The 'A-' dormitory revenue bond rating reflects continued strong demand for housing and adequate debt service coverage from pledged residence hall system revenues. As one of only three state-supported universities, UNI receives about 11% of total state higher education appropriations, as compared to the flagships, University of Iowa and Iowa State University, which each receive about 33%. State appropriations to UNI continue to be strong, accounting for 65% of the university's operating revenues. Fiscal 1997 state appropriations to UNI increased 6% to $80 million and a 5% increase is anticipated for fiscal 1998. Since 1990, UNI's enrollment has been relatively...

Summary