Long-Term Debt Service
What Is Debt Service?
Debt service refers to loan payments for capital projects such as facility construction, renovation, or repair. These projects support the mission of S&A Fees by providing spaces for student activities and programs.
Why Is It Part of the S&A Fee?
The debt service fees current students pay were adopted by previous students through referendum.
While WSU capital projects were under review, campus committees and advisory boards were given fiscal information about the projects, including statements related to debt service. By approving the projects, WSU students committed to future payments for the duration of the loans, and WSU has a legal and financial responsibility to maintain these payments.
Current projects receiving debt service fees are:
| #L000034 | Valley Road / Grimes Way Playfields 15-year term Interest = 0.63% Semiannual Payment each September 15 and March 15 Ends September 2025 Semiannual payment = $184,650 Annual payment = $369,300 |
| Series 2006-B | Compton Union Building 20-year term Interest = 5.46% to 5.99% Semi-Annual Payment Ends October 2027 Semiannual payment = $323,500 Annual payment = $647,000 |
| Year | Allocation ($ Amount in thousands) | Change (%) |
|---|---|---|
| 2013-2014 | $1,318,125 | NA |
| 2014-2015 | $1,294,846 | -1.77% |
| 2015-2016 | $1,294,846 | 0.00% |
| 2016-2017 | $1,296,687 | 0.14% |
| 2017-2018 | $1,228,978 | -5.22% |
| 2018-2019 | $1,200,000 | -2.36% |
| 2019-2020 | $1,198,800 | -0.1% |
| 2020-2021 | $1,198,800 | 0.00% |
| 2021-2022 | $1,198,800 | 0.00% |