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Publication Date
11/27/2018 12:57 PM EST
Closing Date
12/13/2018 11:00 AM EST
Issuing Organization
State of Minnesota - Office of Higher Education
Solicitation Number

Specifications include, but are not limited to: OHE administers loan programs to assist Minnesota residents and non-residents attending Minnesota schools in order to obtain a postsecondary credential (SELF Loan Program), and to assist Minnesota residents in refinancing existing student loan debt (SELF Refi Program). OHE has obtained funds for these programs by issuing tax-exempt and taxable revenue bonds. The selected contractor will: 1. Under the guidance of the SELF Loan Advisory Committee, which oversees both the SELF and the SELF Refi programs (referred to throughout the document as the SELF Program), update OHE’s strategic plan regarding funding for its supplemental student loan programs that aligns the programs’ missions with its assets and funding – outlining appropriate net asset levels, annual profit margins, etc. Additionally, the strategic plan should consider how to best use excess resources and the impact of potential future program changes (details to be determined in consultation with the SELF Loan Advisory Committee). 2. Participate in quarterly Investment Committee meetings with the SELF Loan Advisory Committee by providing input on investment portfolio management and determination of quarterly SELF margins. 3. Provide fiscal consultation on what type of financing sources should be used to most effectively and efficiently finance the programs, and once the borrowing need is established and the actual financing mechanism is determined, provide comprehensive services to assist OHE in completion of the transaction. The consultant must be thoroughly familiar with a broad variety of creative financing possibilities particularly in the area of student loan financing.

http://www.mmd.admin.state.mn.us/process/admin/ptList.asp (opens in a new window)

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