Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Financial Report topic
No spam. Unsubscribe anytime.
THECB CFO reports FY2025 biennium close, loan collections rise and reserve increases
Summary
Anthony Infantini reported the financial position through August 2025, noting $400 million in supplemental appropriations disbursed, increased delinquent loan collections, higher regular repayments and a $40 million addition to the student loan reserve fund
Anthony Infantini, chief financial officer for the Higher Education Coordinating Board, presented the fiscal year 2025 financial report to the agency operations committee on Oct. 22, 2025. The report covered results through August 2025, the close of the 2024–25 biennium.
Infantini said the agency received and dispersed more than $400,000,000 in the last quarter as a result of a supplemental appropriations bill (House Bill 500) that addressed a backlog of trip claims. He said remaining budget balances are under review and may lapse or be carried into the 2026–27 biennium as appropriate.
On student loan collections, Infantini said delinquent collections increased by about 21 percent during the fiscal year, rising from approximately $13,300,000 to over $16,000,000. He also reported that regular loan repayments increased about 4 percent year over year, from roughly $149,000,000 to $155,000,000.
As a result of stronger collections and repayments, staff added $40,000,000 to the student loan reserve fund at the end of the fiscal year, an increase of about 30 percent from the prior year. Infantini described the reserve as comprised of repayments in excess of debt service, used to strengthen the college access loan program's financial position, smooth cash‑flow mismatches and support forward loan activities for students pursuing high‑value credentials.
Infantini told the committee that bond counsel and the agency's financial advisor will present a bond resolution on debt issuance and refunding activities for fiscal year 2026 at the full board meeting the following day.
Why it matters: The supplemental appropriation payout and improved collections affected the agency's liquidity and reserve position for student loan programs. Board members heard that staff will present a bond resolution and supporting portfolio analysis to the full board at the next meeting.
