USA Funds® is a nonprofit corporation that helps students prepare for, access and achieve success in postsecondary education by providing and supporting them with financial and other valued services. USA Funds was established in Indianapolis in 1960 to help families finance rising college costs.
Over the past 50 years, USA Funds has supported a total of $247 billion in financial aid for higher education and has served approximately 22.4 million students and parents, as well as thousands of educational and financial institutions.
USA Funds delivers programs, products and services in the following areas:
School and Student Services. USA Funds provides valued services to postsecondary institutions and their students. Among these services are financial literacy programs for college students, debt management and default prevention consultation and support, training for financial aid administrators, and student aid policy compliance support.
Access and Outreach. In the last decade, USA Funds has provided more than $100 million in scholarship monies to programs supporting low- to moderate-income students and in grants to nonprofit organizations to improve student access to and success in higher education.
Student Loan Administration. USA Funds administers Federal Family Education Loan Program loans that it guaranteed to students and parents prior to July 1, 2010. USA Funds contracts with affiliates of Sallie Mae to deliver some of the services necessary to support USA Funds’ role as a student loan guarantor.
Access to and Success in College: A Smart Investment
A higher education adds tremendous value to the quality of life. According to Census Bureau data, those with a bachelor’s degree earn an average of 86 percent more than those with only a high school diploma. At the same time, higher education supports a healthy economy by providing a highly educated work force with a broader selection of job opportunities and increased upward mobility. Post-secondary education also strengthens our communities. College graduates are less likely to rely on government assistance, more likely to vote and more likely to volunteer for community service.
To reap the full benefits of higher education, students must complete their academic programs and successfully repay any money they borrowed to pay college expenses. That’s why USA Funds supports Lumina Foundation’s Big Goal to increase the percentage of Americans with high-quality degrees and credentials to 60 percent by the year 2025. We also support the national goal that by 2020 America will once again have the highest proportion of college graduates in the world.
USA Funds Affiliates
, an organization that supports higher education in Hawaii, is an affiliate of USA Funds.
Another USA Funds affiliate, NELA®
, is a nonprofit organization that serves the Pacific Northwest.
USA Funds Commitment
When you engage with USA Funds, you can be confident in our commitment to your success. We follow a Code of Business Conduct based on a set of core values that is grounded not only in compliance with laws and regulations, but also in integrity, ethics, diversity and respect for others. We count on every one of our employees to follow this code to maintain our outstanding reputation as experts in and advocates for access to and success in higher education.