All school loans

Key facts

• Still scheduled, as of June 30, 2025: $3.02 billion, of which $1.54 billion is principal and $1.48 billion is interest.¹
• Last payment: fiscal year 2056.¹
• This school year’s (2026-27) loan payments: $168.0 million, of which $103.4 million (61.5%) is interest.²
• Debt per student: $69,795 including interest, 6th of 11 nearby districts.³

In short

This page lists every school loan the district still owes. In total about 3.02 billion dollars is still scheduled, about half of it interest.¹ The last payment is due in 2056.¹ This year’s loan payments are about 168 million dollars.²

Why it matters to your tax bill: the debt tax pays every row on this list until 2056.

Related: debt · interest · growing loans · refinancing

Layer 1: What this table is

A bond series is one loan. The district has taken out at least 41 since 2003.⁴ Many were later refinanced. That means paid off with a new loan.

Think of a family with many car loans. Some were paid off by taking a new loan. This page shows what is still owed in all.

Layer 2: The totals

What	Amount	As of
Principal still owed	$1,538.7M	June 30, 20251
Interest still scheduled	$1,480.2M	June 30, 20251
Total scheduled payments	$3,019.0M	June 30, 20251
Left after the 2025-26 payments (not counting the 2026A loan)	$1,487.4M principal + $1,379.0M interest	June 30, 2026 (our math)5
Payments in 2025-26	$152.6M (66% interest)6	Budget year
Payments in 2026-27	$168.0M (61.5% interest)	Adopted budget2

Leander pays more of each loan payment as interest than most nearby districts. From 2021 to 2025 it was 63.9%. That was 2nd among the 11 nearby districts we compared. The middle district was 46.7%.⁷

Questions to ask

• How can the public get debt totals before the state posts them?
• Where does the district post the terms of each loan?

Changes to this page

• Nov. 2, 2026: Added questions to ask.

What you can do or watch next

• Watch for new loans after each bond sale. See all school loans table.

What we still don’t know

• The state has not yet published 2025-26 debt totals, so the table ends at June 30, 2025 for some figures.

Layer 3: Every loan

See the full table of at least 41 loans. It lists each loan’s date, amount and interest rates.

• 25 of the 41 have a growing-loan part.
• The rate for one loan (2014B, paid off in 2017) is still missing.

Which loan costs the most per dollar

The state lists 20 Leander loan series for 2025. 19 still had money owed. (Loans already paid off are not on that list.)⁸ The one with the highest total payments per dollar of principal still owed is 2016A. It will cost about $3.22 in total payments for every $1 of principal, through 2049.⁸ The next highest are 2023A ($2.74), 2015A ($2.46) and 2016 ($2.34).⁸

2016A includes growing loans (capital appreciation bonds). We think that is why it costs so much per dollar. That link is our inference. The state data does not say it.

Counterweight: a long loan always costs more in total than a short one. A high ratio alone does not mean a bad deal.

The district’s side

The district says refinancing has lowered its costs. It also notes that its debt tax rate fell from 47.19¢ to 33¢ over ten years. See Refinancing and Tax rates over ten years.

Go deeper

• Debt · Interest · Debt compared with 10 similar districts · Paying loans early with cash

Numbers marked “our math” are our estimates, not official figures. The notes show the inputs and the steps.

Footnotes

1. Leander ISD, Annual Comprehensive Financial Report 2025, page 46 (general obligation debt service schedule). ↩ ↩² ↩³ ↩⁴ ↩⁵ ↩⁶ ↩⁷

2. Adopted budget 2026-27, pages 9 and 12 (Debt Service Fund: $168,018,814; principal $64,613,648; interest $103,392,166). The proposed budget (June 18, 2026) shows the same figures. ↩ ↩² ↩³

3. Texas Comptroller local debt data, data.texas.gov, fiscal 2025; our ranking. ↩

4. Texas Bond Review Board, local debt by issuance (data.texas.gov 3qmf-seku); 2026 and 2026A from board packet and official statement; Series 2004 from its official statement. ↩

5. Our math, not an official figure. Steps: $1,538,739,161 principal owed minus $51,374,253 due in 2025-26 = $1,487,364,908; $1,480,249,758 interest scheduled minus $101,215,314 due in 2025-26 = $1,379,034,444. All four inputs are from the same page-46 schedule. The 2026A loan is left out because we have no saved payment schedule for it. ↩

6. Leander ISD, Annual Comprehensive Financial Report 2025, page 46 (general obligation debt service schedule). ↩

7. Texas Comptroller data, fiscal 2021–2025; our ranking among the 11 nearby districts we compared. ↩

8. Texas Bond Review Board, local debt by issuance, fiscal 2025 (data.texas.gov 3qmf-seku; 2025-26 not yet published on Oct. 28, 2026): 20 series, 19 with principal owed. 2016A: $160.46M principal, $516.85M principal plus interest, about 3.22 to 1 (our math), final payment 2049. ↩ ↩² ↩³