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- EIN 64-0642776
- (601) 321-5555
- Po Box 5008 Jackson MS 39296-5008 USA
- www.esfweb.com/mheac.html
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Nonprofit Overview
Causes: Financial Institutions
Mission: The corporation mission is to increase the level of appropriate quality education in the state of mississippi and elsewhere. Prior to 2014, the corporation operated exclusively for the purpose of acquiring student loans incurred under the higher education act of 1965. The primary source of funds to acquire the student loans was the issuance of tax-exempt bonds and taxable notes. In july 2014, the corporation amended its articles of incorporation expanding its exempt purpose and refinanced its tax-exempt bonds with taxable bonds. The corporation is the parent of education services foundation (esf) which provides administrative, staffing and management services to the corporation. Esf also currently manages and oversees the corporation's investment portfolio. In addition, esf provides college planning services to students through its three college planning centers.
Programs: The corporation serviced student loans incurred under the higher education act of 1965 as amended. The primary source of funds was the issuance of tax-exempt bonds and taxable notes. In 2014, the corporation issued taxable bonds to renfinance its debt and is no longer eligible to issue tax-exempt bonds.