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Massachusetts Higher Education Assistance Corporation

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Nonprofit Overview

Causes: Education, Financial Institutions, Scholarships, Scholarships & Student Financial Aid

Mission: The organization's primary exempt purpose is to provide access to and conduct activities in furtherance of higher education.

Programs: Massachusetts higher education assistance corporation (mheac) relieves the burdens of government and assists students and parents in successfully completing a program of higher education by continuing to act as a guarantor of student loans made by lenders, in connection with the federal higher education act of 1965. In addition, mheac engages in a variety of activities in furtherance of higher education.

financial literacy programs - mheac has developed a comprehensive multi-channel financial literacy and education debt management program that is available primarily through participating institutions of higher education and which builds on mheac's experience in helping participants in the federal student loan program. This evolved program - known as salt - is offered free to the end user and combines web-based educational financial literacy and student loan content with specialized outreach campaigns about loan management options, phone counseling and on-campus education programs.

college access programs - mheac offers free comprehensive information, guidance and practical help to assist underserved and under-represented individuals gain access to and succeed within the post-secondary education system. High school students are able to participate in school-based programs that include college campus tours, summer college preparatory programs, standardized test preparation, scholarship search, college selection and the application process. Individuals without access to school-based programs are provided services at several dedicated college planning centers (cpcs) based in urban communities. The services include individualized counseling on the college planning, application and financing processes.

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