Higher Education Finance

Higher Education

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Stevens & Lee has broad and deep experience serving the higher education community in a wide variety of matters, including higher education finance. We assist higher education clients in identifying and achieving their financial objectives through the development and implementation of innovative and cost-effective financing structures. We also have particular expertise in assisting not-for-profit private preparatory schools and have played an active role in both new money and refinancing transactions for a broad range of borrowers.

We represent the Pennsylvania Higher Education Assistance Agency (PHEAA) in connection with its financial matters. Both Stevens & Lee and the platform’s investment bank, Griffin Financial Group LLC, are actively involved in PHEAA’s continuing effort to deliver low-cost student loan financing products.

Our tax-exempt finance attorneys are well-known in the higher education community for providing effective and creative service as bond counsel, underwriters’ counsel, special tax counsel, swap counsel, company counsel, issuer’s counsel, bank counsel and trustees’ counsel. Over the past decade, we have successfully negotiated, documented and closed more than 100 tax-exempt financings and restructurings in the higher education industry consisting of complex variable rate debt structures involving a broad array of liquidity, insurance and derivative products.

We have extensive experience with higher education financings, including:

  • Served as bond counsel, underwriter’s counsel and borrower’s counsel to colleges and universities throughout the Commonwealth to fund projects including science and engineering centers, libraries, student union buildings, athletic and health facilities and student housing facilities
  • Served as bond and underwriter’s counsel in financings for several community colleges throughout Pennsylvania to fund major projects, including the construction of multiple new facilities, such as a state-of-the-art training and technology center which responds to the needs of employers within that community
  • Served as agency counsel to the second largest student loan provider in the nation in connection with its governmental borrowings for infrastructure and its student loan financings. Also served as agency counsel with respect to direct student loan securitizations and “two step” securitizations

In addition, Stevens & Lee’s platform affiliate Financial S&Lutions, an independent financial advisory firm, provides financial advisory and debt-related consulting services that have been reviewed by us from a legal perspective.

Ramiro M. Carbonell

Shareholder

rmca@stevenslee.com

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Reading: 610.478.2275

Princeton: 609.718.0975

Rebecca C. Delia

Senior Vice President

rcd@fsandl.com

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Lancaster: 717.399.6629

Peter T. Edelman

Shareholder

pte@stevenslee.com

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Reading: 610.478.2168

John W. Espenshade

Partner

jwe@stevenslee.com

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Lancaster: 717.399.6621

Mark C. Franek

Associate

mcf@stevenslee.com

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Valley Forge: 610.205.6029

Marianne J. Gilmartin

Shareholder

mjg@stevenslee.com

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Scranton: 570.969.5362

Wilkes-Barre: 570.969.5362

Peter G. Glenn

Of Counsel

pgg@stevenslee.com

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Reading: 610.478.2123

Leonard P. Goldberger

Shareholder

lpg@stevenslee.com

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Valley Forge: 610.205.6046

New York: 212.774.5929

Charles F. Harenza

Shareholder

cfh@stevenslee.com

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Reading: 610.478.2091

Patricia U. Herst

Of Counsel

puh@stevenslee.com

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Princeton: 609.718.0909

Joanne M. Judge

Shareholder

jmj@stevenslee.com

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Lancaster: 717.209.5866

Reading: 610.478.2226

Ryan P. Kennedy

Of Counsel

rpke@stevenslee.com

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Princeton: 609.243.6424

Brian P. Koscelansky

Shareholder

bpk@stevenslee.com

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Scranton: 570.969.5364

Wilkes-Barre: 570.718.0300

James B. Longacre

Shareholder

jbl@stevenslee.com

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Reading: 610.478.2293

Blake C. Marles

Shareholder

bcm@stevenslee.com

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Allentown: 610.997.5060

Joseph W. “Chip” Marshall, III

Vice Chairman

chip.marshall@stevenslee.com

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Philadelphia: 215.751.1240

Heather Eshelman McCusker

Shareholder

hem@stevenslee.com

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Princeton: 609.243.6433

Suzanne M. McSorley

Shareholder

smcs@stevenslee.com

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Princeton: 609.987.6663

Bradley L. Mitchell

Shareholder

blm@stevenslee.com

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Princeton: 609.987.6680

New York: 646.254.6385

Wilfred H. Muskens

President & CEO, Stevens & Lee/Griffin International

whm@slginternational.com

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Lancaster: 717.399.1728

Jennifer L. Nevins

Shareholder

jln@stevenslee.com

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Reading: 610.478.2243

Ann Reichelderfer

Shareholder

ar@stevenslee.com

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Princeton: 609.987.6655

Christopher S. Tarr

Partner

cst@stevenslee.com

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Princeton: 609.987.6666

James M. White

Shareholder

jmw@stevenslee.com

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Harrisburg Government Affairs: 717.238.5866

Theresa M. Zechman

Shareholder

tmz@stevenslee.com

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Lancaster: 717.399.6644

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