Education Finance Council (EFC)

Last Updated: 05/11/2025
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Learn & Work Ecosystem Library. (2022). Education Finance Council (EFC). Retrieved 13 October 2026, from https://learnworkecosystemlibrary.com/organizations/education-finance-council/
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"Education Finance Council (EFC)." Learn & Work Ecosystem Library. 13-10-2026. https://learnworkecosystemlibrary.com/organizations/education-finance-council/.

The Education Finance Council (EFC) is a 501(c)(6) nonprofit trade organization which provides services and resources to assist learners to prepare, plan, and pay for postsecondary education and credentialing programs.

EFC represents entities striving to improve postsecondary access and affordability at both state and national levels. The EFC plays a role in advocating for its members and the students they serve through public policy efforts.

The EFC and its members aim to assist learners through:

  • Access to postsecondary education
  • Facilitating learner success
  • Aid in identifying optimal education funding sources for learners and families
  • Connecting individuals with postsecondary education and career outcomes
  • Promotion of responsible borrowing
  • Advocating for successful post-secondary education financing management

Some EFC members offer affordable student loans which may feature lower interest rates and low or no origination fees, enhancing their affordability compared to other private student loans.

EFC members support lifelong learning by facilitating successful transitions to employment or new career paths. EFC and its members provide additional programs to assist individuals navigate career connected learning programs with the goal of helping individuals to:

  • Continue their education
  • Develop skills
  • Earn professional credentials
  • Identify opportunities for in-demand and high-paying jobs

Examples of EFC's work include:

  • Hosting FAFSA completion events
  • Operating college planning centers
  • Scholarship programs
  • Managing 529 plans
  • Conducting financial aid workshops
  • Providing financial literacy sessions
  • Administering support services to military members, veterans, and homeless youth

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