WASHINGTON, D.C., (April 1, 2008) - In support of April's designation as National Financial Literacy Month, the Education Finance Council (EFC), an association of nonprofit and state-based student loan providers, announced several activities it will undertake in support of the goal of improving financial literacy.
"As part of their public purpose mission to make college more affordable, EFC members are dedicated to providing valuable financial literacy information to students and parents," EFC President Kathleen Smith said. "One element of that mission was last month's launch of EFC's financial literacy homepage "Educated Financial Choices . . . Start With You" www.efc.org/finlit. From "What is Student Aid" to "Budgeting 101" to a "Guide to Credit," this resource aims to provide students with comprehensive information they can use to succeed through college and beyond."
Throughout April, EFC will offer a "Financial Literacy Tip of the Week" that will give students and families helpful advice in making informed financial choices. And on Monday, April 28th, EFC will participate in its third consecutive Financial Literacy Day on Capitol Hill. The event, convened by the Jump$tart Coalition for Personal Financial Literacy, JA Worldwide and the National Council on Economic Education, brings together a variety of government, nonprofit and business organizations that promote financial literacy across the nation. Senators Daniel Akaka (D-HI) and Michael Enzi (R-WY) and Representatives Judy Biggert (R-IL) and Rubén Hinojosa (D-TX) will serve as honorary co-hosts.
"EFC's activities this month are a continuation of our members' long-term commitment to financial literacy and quality outreach programs. April is the perfect time to highlight financial literacy as high school seniors begin to receive college acceptance letters and financial aid packages. With the help of tools and resources like EFC's "Educated Financial Choices ... Start With You" homepage, students and their parents will be able to make sound financial decisions as they begin preparing for college," Smith concluded.
EFC's mission is making college more affordable. Together with its members, EFC works 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. EFC represents nonprofit and state-based student loan providers that participate in the Federal Family Education Loan Program (FFELP) as well as affiliated entities including guaranty agencies, lenders, rating agencies, insurers and investment bankers.
Posted 04/02/08 to www.NASFAA.org. Posting of press releases is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.
