Helping families plan & pay for college

Education Finance Council (EFC) is the national trade association representing nonprofit and state-based higher education finance organizations. All EFC Members, as public-purpose organizations, strive to increase college access, success, and affordability in their states and nationwide, operating as supplemental loan originators and loan servicers while providing a wide array of college access and student success services and resources. In 2016, EFC Members directly worked with over 2.5 million families to help them successfully plan, save, and pay for college.

EFC Members, who are intimately involved with their communities, have the knowledge necessary to serve the unique needs of their communities and states, and work to ensure that all families — especially middle-income borrowers and first-generation or low-income students with no family experience in the intricacies of education financing — are provided the tools and guidance they need to choose the best-fit school, borrow appropriately, complete their degree, maximize their earning potential, and successfully repay their loans.

 Read More

EFC Featured Member


The Rhode Island Student Loan Authority (RISLA) is a non-profit quasi-state authority which has been providing affordable higher education solutions since 1981.

RISLA offers 
low cost state-based education loans, free admissions and financial aid assistance through the College Planning Center of Rhode Island, a free internship finder through and financial literacy guidance at high schools and colleges throughout the State of Rhode Island.

RISLA does not receive any funds from the state of Rhode Island. 

Higher Education Act
Policy Recommendations

EFC has submitted recommendations to the Senate HELP Committee regarding the reauthorization of the Higher Education Act that EFC believes will ensure that the law will first and foremost benefit our nation’s students and families.

These recommendations include leveraging the expertise of nonprofit and state-based organizations; strengthening the Pell Grant program; ensuring continued access to higher education for low- and middle-income students; improving repayment programs, including income-driven repayment; expanding access to consumer-friendly education loans; addressing high student loan default rates; promoting high-quality, borrower-first student loan servicing; and ensuring consumers are protected from predatory practices.

Read EFC's recommendations here.

EFC in the News more
Calendar more

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

9/12/2019 » 9/13/2019
2019 EFC Mid-Year Membership Meeting