NICC saves over $1 million by refinancing bonds

Northeast Iowa Community College has refinanced its New Jobs Training Program bonds--and has saved over $1 million in the process.

The college took steps to take advantage of lower interest rates for bond sales for the approaching new fiscal year.  By refinancing at a lower interest rate, debt service on the bonds will be paid sooner.  The move by NICC will save the state $1,070,028 and result in a savings for taxpayers in the College's district.
 
Since 1985, NICC has issued new jobs training certificates worth more than $70 million that have directly led to the creation of more than 14,000 new jobs in Northeast Iowa.