Financial Advisory Services for Student Loan Program

This state and local contracting opportunity is a Request for Proposals (RFP) issued by the Texas Higher Education Coordinating Board (THECB) for Financial Advisory Services to facilitate the issuance of general obligation bonds and other debt obligations to fund the Hinson Hazelwood student loan program. The program provides low-interest loans to eligible students attending public and independent institutions of higher education in Texas. The selected financial advisor will be responsible for preparing schedules and reports, determining rebate arbitrage and yield restriction liabilities, developing financing plans, assisting with bond offerings, providing cash flow modeling, and other related duties. The contract term is not specified, but the anticipated start date is September 1, 2024 for a two-year period. Proposals are due by April 23, 2024, and THECB will review and score them based on the respondent's experience, qualifications, and fees/costs, selecting the proposal that represents the best value for the state.

This opportunity covers the jurisdictions of Travis County and the City of Austin. The RFP indicates that THECB will not apply for credit or prepay, and payment will be made upon receipt of a properly submitted invoice. The HUB Subcontracting Plan is intentionally omitted, as THECB has determined there are no HUB subcontracting opportunities for this RFP. No set-aside designations, incumbent vendors, or budget ranges are provided in the available documents.