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Washington Higher Education Facilities Authority

 

 

  

Washington Higher Education Facilities Authority
Supporting the financing needs of Washington's nonprofit, independent colleges and universities through tax-exempt bonds.

Bastyr University

14500 Juanita Drive NE, Kenmore, WA  98028

www.bastyr.edu

Bastyr University (the “University” or “Bastyr”) is a non-profit, private university offering both graduate and undergraduate degrees, with a multidisciplinary curriculum in science-based natural medicine. The University is recognized globally for its rigorous course of study and strong research. Bastyr's international faculty teaches the natural health sciences with an emphasis on integrating mind, body, spirit and nature. A pioneer in natural medicine since its inception, Bastyr continues to be in the forefront of developing the model for 21st-century medicine.

Located northeast of Seattle on the northern edge of Lake Washington, Bastyr was founded in 1978 as a college of naturopathic medicine. Since then the institution has broadened its academic offerings, adding acupuncture and Oriental medicine, nutrition, health psychology, herbal sciences, exercise science and wellness, and midwifery. The University offers a broad range of undergraduate, graduate and certificate programs in the natural health disciplines, including two Doctorate programs, three Masters programs, four Bachelor of Science programs, a combined Bachelor of Science and Master of Science program and four Professional and Certificate programs.

The student population is diverse. About 15 percent of the student body is from the Pacific Northwest. International students represent 28 countries. About 993 undergraduate and graduate students were enrolled in Bastyr University's natural health arts and sciences degree programs in 2008-09.

Bastyr has used the Authority to access the debt market on a number of occasions. They have issued bonds through the Authority and have used both the Streamlined Tax-Exempt Placement (STEP) program and the previous Equipment Finance Program. Bastyr was the first University to use the Equipment Finance Program.

In fiscal year 2009, the University used the Authority’s STEP program to issue $14,025,000 of debt. The STEP debt proceeds are to be used to construct and furnish a residence hall on the campus of the University.

The University has issued seven series of bonds through the Authority totaling $29,247,955.


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