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 over 35 years, Indiana Secondary Market for Education Loans, Inc. (ISM) has been working to improve opportunities for Hoosiers to obtain a postsecondary education. Through the ISM College Planning statewide financial aid literacy effort, ISM’s private education loan, or the ISM Marketplace loan comparison tool, ISM is helping families.    

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.

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