Helping families plan & pay for college

Education Finance Council (EFC) is the national trade association representing nonprofit and state-agency student loan organizations. As state-based, nonprofit entities, EFC Members are driven by public-purpose missions to expand borrowers’ financial knowledge, prevent over-borrowing, and promote positive repayment behavior.

All EFC Members, as nonprofit, public-purpose organizations, strive to increase college access, success, and affordability in their states and nationwide, operating as loan servicers and supplemental loan originators while providing a wide array of college access and student success services and resources.

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EFC Featured Member


Hawkins Delafield & Wood LLP is the only national law firm in the United States whose practice is devoted primarily to public finance and public projects. Each of their specialty areas supports and complements their municipal transactions practice. Hawkins has more attorneys engaged in the full-time practice of public finance and projects than any other law firm in the country. This concentration of expertise constitutes an unparalleled resource for their clients.

Hawkins is consistently ranked among the top law firms in the nation in terms of volume as bond counsel and underwriters' counsel.  In 2015 Hawkins was ranked first nationally as underwriters' counsel and second as bond counsel, according to Thomson Reuters. Hawkins has participated in virtually every type of transaction in the public finance arena. Their project finance and public contracts practices are also distinguished in their breadth and experience.

nonprofit & State-based Refinancing Programs


Eleven EFC Members offer education refinancing loans.

These nonprofit and state-based education refinancing programs make education debt more manageable for families by providing a refinancing tool that consolidates high-interest rate education loans into a single loan, reducing monthly payments and, in many cases, overall debt burden.

Find a nonprofit, state-based refinancing program here.

EFC in the News more

12/9/2016Politico Pro

11/26/2016Delaware State News


Calendar more

3/9/2017 » 3/10/2017
2017 EFC Annual Membership Meeting