Overview
What is Federated Student Finance Corporation?
Federated Student Finance Corporation, located in Waco, Texas, is a nonprofit organization dedicated to making education accessible by supporting initiatives that finance educational opportunities. Functioning as a secondary market for college loans under the Federal Family Education Loan Program (FFELP), they provide funding through permanent financings. The corporation's mission extends beyond offering financial aid, aiming to make education a reality for a wide range of individuals. They accomplish this by backing various programs and initiatives, thereby enabling numerous students to seize educational opportunities.
Official website here: www.studentloans.com
Is Federated Student Finance Corporation legitimate?
Federated Student Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Federated Student Finance Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.studentloans.com
What is the mission statement of Federated Student Finance Corporation?
Federated Student Finance Corporation, as a secondary market for college loans under the Federal Family Education Loan Program (FFELP), has a mission to make education a reality by supporting initiatives and programs that finance educational opportunities. The corporation's goal is to provide financial assistance for higher education, enabling students to pursue their academic journeys. Through its operations, Federated Student Finance Corporation funds student loans under Title IV FFELP, ensuring that educational opportunities remain accessible.
Official website here: www.studentloans.com
Who is the CEO of Federated Student Finance Corporation?
Ricky Turman is the President/Ceo of Federated Student Finance Corporation. The CEO's salary of Federated Student Finance Corporation is $0 and their total compensation is $775,096.
Official website here: www.studentloans.com
What is the revenue of Federated Student Finance Corporation?
Federated Student Finance Corporation's revenue in 2022 was $1,359,815.
Official website here: www.studentloans.com
Who are the executives of Federated Student Finance Corporation and what are their salaries?
- Thomas Ben Litle (President/Ceo)
- Ricky Turman (Evp/Coo/Cfo)
- Kelli Uttech (Svp/General Counsel)
- Tammy Harralson (Vp/Controller)
- Darrell Brooks (Treasurer)
- Susan Davis (Secretary End: 06/21)
- Tiffany Jones (Secretary)
- Steve Bostick (Director)
- Robert B Chambers (Director)
- Claude Ervin (Director)
- Peter Kultgen (Director)
- Dr Charles Madden (Director)
- Larry Smith (Director)
- Greta Watson (Director)
Official website here: www.studentloans.com
Where can I find the form 990 for Federated Student Finance Corporation?
The Federated Student Finance Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.studentloans.com
Learn more at the official website: www.studentloans.com
Mission Statement of Federated Student Finance Corporation
Federated Student Finance Corporation, abbreviated as FSFC, is committed to making education a tangible reality for individuals by backing various programs and initiatives aimed at financing educational opportunities. As a secondary market for college loans under the Federal Family Education Loan Program (FFELP), FSFC's mission is to support the expansion of educational prospects by purchasing and managing student loans. FSFC's operations are based on the funding of these loans through permanent financings. The corporation's ultimate goal is to ensure that education remains an accessible and attainable option for numerous individuals, thereby empowering them to pursue their academic aspirations.
Impact
This information is meant to be a general summary of Federated Student Finance Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Federated Student Finance Corporation's impact lies in its mission to make education a reality by supporting programs and initiatives that finance educational opportunities. By holding student loans under the Title IV Family Education Loan Program (FFELP), Federated Student Finance Corporation helped students access the necessary funding to pursue their educational goals. Through its activities as a secondary market for college loans, FSFC played a significant role in facilitating access to education for numerous students. The organization's dedication to supporting educational initiatives underscores its commitment to fostering academic advancement and empowering individuals to achieve their full potential.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Student Loans
Revenue
$1,345,487
Late Charges
Revenue
$10,409
Organization Details
Founding Year
1989
Phone
(254) 753-0915
Principal Officer
Ricky Turman
Main Address
5609 Crosslake Pkwy, Waco, TX, 76712
Website
www.studentloans.com
NTEE Category
Code: B82 - Education
If you are a representative of Federated Student Finance Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.