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Benefits of Being an EFC Member

  • Unmatched Representation on Capitol Hill, with the Administration, within Student Loan, Higher Education and Finance Community, Department of Education and Other Agencies.  Effective advocacy on Capitol Hill is one of the most valuable benefits of EFC membership.  In this capacity, EFC staff members are uniquely qualified to work directly with Congress, the U.S. Department of Education, the White House, the Treasury Department, the higher education community and other pertinent organizations.  Relationships that have been cultivated and maintained since the organization's inception enable EFC to be the primary source of critical information for its membership.
  • Unparalleled Information to its Membership.  Through meetings, conference calls, newsletters, and other sources, EFC provides its members with news on issues affecting the day-to-day operations of education finance.  EFC also serves as a means of arming FFELP supporters with marketplace information on how EFC members help finance billions of dollars in loans, college outreach services, scholarships and other benefits to millions of students and parents every year.
  • EFC Exchange.  Available to EFC voting and affiliate level one members, the EFC Exchange provides a daily summary of relevant news affecting the student loan industry.  It has set the standard in providing detailed updates on issues impacting the student loan finance business, including relevant legislative, marketplace, tax, regulatory, technological, and political information gathered from a wide variety of sources.  The EFC Exchange is delivered by e-mail each afternoon complete with the day’s most important news and information.
  • EFC Weekly.  Available to all EFC members, the EFC Weekly is a comprehensive summary of news and information that helps keep EFC members apprised of what’s happening in Washington and around the country.  The EFC Weekly, the premier newsletter provided by EFC, offers in-depth coverage and analysis, as well as special features like “EFC in Focus,” the Monthly Technology Corner, and information on upcoming events.  Delivered by e-mail on Friday afternoons, it has become a critical tool for the EFC membership to remain up-to-date and in-the-know.
  • EFC Alert.  Available to all EFC members, the EFC Alert is designed to immediately notify members of significant events affecting the student loan community.  Part of a series of resources intended to keep the membership abreast of the latest news and information, the EFC Alert is reserved for only the most noteworthy breaking news.
  • Research, Surveys, Reports.  EFC staff pride themselves on providing the most accurate data available on issues that affect education finance, including default rate data, loan volume updates, school participation lists, tuition cots, alternative financings, market trends, higher education tax benefits, savings programs and other topics.  Some reports are available only to EFC Voting members, such as the Bi-Annual Salary Survey, while other quality research products may be available to all members.
  • Legislative Summaries and Tracking.  In order to help keep members informed of legislative developments on the federal level, EFC staff maintains an array of resources in its legislative library.  In one location, EFC members may access Congressional calendars, the bill text of significant pieces of legislation, timely legislative summaries, and tracking resources designed to help EFC members quickly and easily monitor the progress of higher education and education finance bills.
  • Conferences and Specialized Meetings.  EFC members receive a substantially reduced rate to attend EFC Conferences and Meetings and are afforded the opportunity to participate in certain specialized meetings open only to EFC Voting members.  EFC conferences and meetings are recognized within the student loan community and on Capitol Hill as being the most substantive and informative in the community.  Both the Annual and Mid-Year Membership Conferences, as well as periodic specialized meetings such as the Legal Meeting and Technology conference, gather experts to provide members timely information on critical issues.  EFC meetings and conferences are planned with the goal of not only providing the most relevant and timely information, but also to provide members with unprecedented networking opportunities.  This is one of the strengths and successes of EFC sponsored events.
  • Access to EFC Staff and Individual Member Assistance.  The EFC team is a group of talented and dedicated individuals whose experience and expertise covers a broad spectrum of the higher education industry including: student loan industry, institutions of higher education, software development and student loan services, Capitol Hill, and more.  Their knowledge and expertise is available for individual membership assistance, and technical and programmatical assistance.  EFC members regularly make themselves available to present at member meetings and Board presentations, and are often called upon to participate in state and national conferences.