Making College More Affordable
Who We AreThe Education Finance Council (EFC) is the association representing the nation's nonprofit and state agency student finance organizations. These public purpose organizations are dedicated to the single purpose of making college more affordable.
Nonprofit student loan providers operate as secondary markets, loan servicers as well as loan originators and providers of a wide array of college outreach and planning information. Historically, secondary markets have expanded access to higher education by ensuring the availability of funding for student loans and by making it easier and less expensive to pay for college. Nonprofit student loan providers are leaders in innovation to reduce the cost of a college education. To learn more about EFC member organizations, click here.
Nonprofit student loan providers are much more than lenders. Nonprofit student loan providers serve as a catalyst for constant innovation and improvement within the student loan programs thanks to their nonprofit status and public purpose mission. Through the power of competition, these organizations drive other participants in FFELP to provide benefits that would not otherwise be available. In that way, EFC members are making college more affordable for all students. Following is a list of just some of the programs offered by EFC members:
- College Awareness Programs
- Scholarship, grant, and loan forgiveness programs
- Financial aid seminars
- Debt management and default aversion programs
- Financial literacy education
- College support programs that are tailored to the needs of local communities and/or select student populations
What We DoEFC’s mission is to expand access to higher education by ensuring the availability of student loan funds while striving to make paying for college easier and less expensive for all students and families. In short, the Education Finance Council is dedicated to making college more affordable.
EFC’s talented staff provides unmatched services to its members while acting as a trusted resource for policymakers, the media, students and families seeking information about how to pay for college. For more information about becoming a member of EFC, click here.