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.

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EFC Featured Member

     

Created in 1963 by the Pennsylvania General Assembly, the Pennsylvania Higher Education Assistance Agency (PHEAA) has evolved into one of the nation's leading student aid organizations. Today, PHEAA is a national provider of student financial aid services, serving millions of students and thousands of schools through its loan guaranty, loan servicing, financial aid processing, outreach, and other student aid programs.

PHEAA's earnings are used to support its public service mission and to pay its operating costs, including administration of the Pennsylvania State Grant and other state-funded student aid programs. PHEAA continues to devote its energy, resources, and imagination to developing innovative ways to ease the financial burden of higher education for students, families, schools, and taxpayers.

 

Nonprofit & State-Based outreach programs


Over the past year, EFC Members directly worked with over 2.5 million families to help them successfully plan, save, and pay for college. Check out EFC’s newly published 2018 Data Report Book for in-depth info on these outreach programs.

EFC Members offer and partner with organizations in their state that offer assistance and individual counseling on every facet of the higher education financing process.

These programs include college planning services, counseling on financial aid options and processes, assistance with understanding financial aid award letters, providing financial literacy education, administering millions of dollars in state grants and scholarships, and assisting borrowers and their families with managing loan repayment.

Calendar more

9/5/2018
2018 EFC College Success Roundtable

9/6/2018 » 9/7/2018
2018 EFC Mid-Year Membership Meeting

3/12/2019
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