Helping families plan & pay for college

Education Finance Council (EFC) is the national trade association representing nonprofit and state-based higher education finance 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 and providing a wide array of college access and student success services and resources.

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EFC Featured Member


Connecticut Higher Education Supplemental Loan Authority’s (CHESLA) mission is to expand higher educational opportunities and enhance the State’s economic development through higher education by providing cost-effective education financing programs and information resources to Connecticut students, alumni and their families. 

CHESLA's vision is to serve as Connecticut’s leading resource for students as they plan for their college education, not only by providing financing, but by providing information and tools for students to make informed decisions; enhance the competitiveness of Connecticut institutions of higher education by providing grants and additional financing options; encourage interest in higher education to help the State meet its workforce needs; and enhance economic development through innovative higher education programs.

Recommendations for Improving Higher Ed Financing

Click HERE to read EFC's White Paper, "Helping Families Plan and Pay for College: Recommendations for Improving Higher Education Financing."

This white paper discusses how Education Finance Council (EFC) member organizations — nonprofit and state-based student loan organizations — serve as critical education funding resources while offering robust and innovative college access, counseling, and financial literacy programs. The paper also examines why EFC member organizations occupy a unique space in the broader higher education financing industry via a principles-based approach focused on the success of the borrower and their family.

The paper also outlines a number of policy recommendations that EFC believes will improve the higher education financing experience for borrowers and will help nonprofit and state-based student loan organizations more effectively carry out their missions to help students and families in their states successfully plan and pay for college.

EFC in the News more

9/14/2017The Bond Buyer

7/26/2017CQ Roll Call

7/18/2017The Washington Post

Calendar more

2018 EFC CXO Summit

3/8/2018 » 3/9/2018
2018 Annual Membership Meeting

9/6/2018 » 9/7/2018
2018 EFC Mid-Year Membership Meeting

2019 EFC CXO Summit

3/14/2019 » 3/15/2019
2019 Annual Membership Meeting