92 Pageviews Read Stories
- EIN 68-0396383
- (916) 464-8135
- Po Box 419026 Rncho Cordova CA 95741-9026 USA
- Add to Favorites
Promote This Nonprofit
More Nonprofits
Nonprofit Overview
Causes: Education, Financial Institutions, Scholarships, Scholarships & Student Financial Aid
Mission: Edfund, an auxiliary organization of the california student aid commission (commission), administers student related services as directed by the commission.
Programs: Edfund, a nonprofit public benefit corporation, was created on january 2, 1997, as an auxiliary organization of the california student aid commission (commission) pursuant to section 69522(a) of the california education code. The creation of edfund was authorized by state legislation that empowered the commission to establish a nonprofit auxiliary to carry out all activities associated with its participation in the federal family education loan (ffel) program. Edfund is a component unit of the commission, and operates under terms and conditions set forth in an annual operating agreement between the two organizations. In 2010 the u. S. Department of education transferred the guaranty agency designation from the commission to another guaranty agency (ga). Under an agreement between edfund, the commission and the ga, edfund provides the ga with access and use of certain equipment and assets.
edfund and the commission continue to maintain an operating agreement post guaranty transfer that is currently effective july 1, 2011 through june 30, 2013. This agreement no longer includes provisions addressing the ffel program, but states edfund agrees to provide the commission with services pursuant to the agreement and the commission agrees to provide edfund with support and services pursuant to the agreement.