EDFUND
From Wikipedia, the free encyclopedia
EDFUND® is dedicated to maximizing benefits to borrowers by being the premier service provider in the student loan industry.
EDFUND, a nonprofit public benefit corporation, is the nation’s second largest provider of student loan guarantee services under the Federal Family Education Loan Program (FFELP). EDFUND offers students a wide range of financial aid and debt management information while supporting schools with advanced loan processing solutions and default prevention techniques.
Operating as an auxiliary corporation of the California Student Aid Commission, EDFUND processes more than $10.1 billion in student loans annually (including Consolidation loans) and manages a portfolio of outstanding loans valued at $27 billion.
EDFUND is headquartered in Rancho Cordova, California with regional offices located throughout the nation.
[edit] History
EDFUND is a nonprofit corporation founded by the California Student Aid Commission on January 1, 1997.
EDFUND was organized as a 501(c)(3) public benefit corporation pursuant to legislation authorizing the Commission to establish a nonprofit auxiliary to administer all activities associated with its participation in the federal student loan program. Policy-makers thus allowed EDFUND to carry the commitment to public service that is at the heart of its mission into a private sector environment that both allows and demands constant flexibility and innovation.
Today, EDFUND provides all operational and administrative services related to the Commission’s participation in the federal student loan program, and is a growing national provider of student financial aid services.
EDFUND is governed by a board of directors that meets quarterly, often at the company's headquarters in Rancho Cordova, California. The company also has regional offices located across the nation.
