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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.

Whitman College

Whitman College

345 Boyer Avenue, Walla Walla, WA 99362

www.whitman.edu

Whitman College is an independent, co-educational, non-sectarian, residential liberal arts and sciences undergraduate college.  Whitman College began in 1882 and received its charter as a four-year, degree-granting college in 1883.

Located three blocks from downtown Walla Walla, the 100-acre campus has 18 academic, student service, and administrative buildings. Residential facilities include co-educational halls, special interest houses, one all-women's hall (which accommodates five sororities), and four fraternity houses.

From its beginning, Whitman College has prized its independence from sectarian and political control. Whitman has remained small in order to facilitate the close faculty-student interaction that is essential to exceptional higher education. In 1913, Whitman became the first college or university in the nation to require undergraduate students to complete comprehensive examinations in their major fields.

Whitman issued bonds through the Authority in 1999 for $25,710,000.  Proceeds of the bonds were used to construct a new campus center and a new science building. The bonds were issued as fixed-rate debt, with no required principal payments until final maturity in 2029.  The 105,000 square-foot Hall of Science underwent a $20 million renovation and expansion in 2003. The facility now features state-of-the-art faculty/student research labs, enhanced classroom space, and a building-wide wireless network for Internet access. Some of the research equipment and facilities available include a scanning electron microscope, planetarium, biochemistry laboratory and greenhouse, as well as several large telescopes on the roof and instrumentation rooms where students have access to modern scientific equipment.

In 2004, Whitman refunded the 1999 debt used to finance the Hall of Science and the student center to realize interest savings.  The Series 2004 Bonds for $28,770,000 had a net interest cost of 4.345% and will mature in 2029. 


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