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Governor Phil Murphy • Lt. Governor Tahesha Way

Finance

Bonds

When the state issues bonds to raise funds for higher education projects, OSHE works to oversee the allocation and award of bond funds.

Current Cycles

Summer 2025 Cycle for Higher Education Capital Facilities Grants

OSHE is currently administering the summer 2025 joint solicitation of two state-backed bond programs to provide a minimum of $250 million in capital facilities grant funding as committed in the FY26 State Budget.

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Past Award Cycles

Fall 2021 Cycle for Higher Education Capital Facilities Grants

OSHE administered the fall 2021 cycle of the Securing Our Children's Future Bond Act grants for Career and Technical Education (CTE) to fund expansion projects at county colleges in New Jersey.

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Summer 2022 Cycle for Higher Education Capital Facilities Grants

OSHE administered the summer 2022 joint solicitation of New Jersey’s four revolving state-backed bond programs for higher education to award nearly $400 million in capital facilities grant funding in summer 2023.

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For more information about low-cost financing solutions for higher education, contact our partners at the New Jersey Educational Facilities Authority (EFA). The Secretary of Higher Education serves as an ex-officio member of the EFA board.


Last Updated: Monday, 08/11/25