USA Funds® is a nonprofit corporation that works to enhance postsecondary education preparedness, access and success by providing and supporting financial and other valued services.
USA Funds was established in Indianapolis in 1960 to help families finance rising college costs. During the past 50 years, USA Funds has supported a total of $247 billion in financial aid for higher education. USA Funds 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. For additional information, campus administrators should visit the Schools section of our website.
Access and Outreach. During the past decade, USA Funds has provided more than $100 million in scholarships to low- to moderate-income students and in grants to nonprofit organizations to improve student access to and success in higher education. Organizations can learn more about USA Funds’ grant-making activities and related programs by visiting the Community section of our website. Students and parents can learn more about scholarships and other sources of financial aid, and access additional college planning resources in the Students section of the website.
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. Read more about USA Funds’ relationship with Sallie Mae. Students and parents can access additional information about applying for, managing and repaying federal student loans in the Borrowers section of our website.
SMS Hawaii®, an organization that supports higher education in Hawaii, is an affiliate of USA Funds.
Another USA Funds affiliate, Northwest Education Loan Association®, is a nonprofit organization that serves the Pacific Northwest.
USA Funds employees deliver services consistent with USA Funds Code of Business Conduct.
To request a copy of our audited financial statements, send an e-mail to contact@usafunds.org.