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


The Arkansas Student Loan Authority (ASLA) is a nonprofit state agency created to provide access to and information about educational funding for all Arkansas students who wish to attend institutions of higher education.

For the last three decades, ASLA has made higher education accessible to Arkansas students by participating in the Federal Family Education Loan Program. ASLA is invested in Arkansas students and families. Their customer service is first rate. ASLA has originated and disbursed student loans at universities and colleges in Arkansas as well as across the United States. Because ASLA is non-profit they have been able to give back to the community through a variety of educational and scholarship programs.


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

8/11/2016The Washington Post


8/5/2016The Bond Buyer

Calendar more

2016 EFC College Success Committee Roundtable

9/15/2016 » 9/16/2016
2016 EFC Mid-Year Membership Meeting