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


For more than 30 years, Massachusetts Educational Financing Authority’s (MEFA) unmatched expertise, comprehensive guidance, and diverse services have been helping Massachusetts students and families plan for the future.

The Massachusetts state legislature created MEFA in 1982 at the request of colleges and universities across the state. From the start, their mandate has been to offer low-cost college financing to families of aspiring college students.

MEFA's dedicated professionals — drawing on vast experience and insight — work closely with families, community organizations, high schools, and colleges to help students achieve their goals.

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

11/26/2016Delaware State News



Calendar more

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