PROVIDES FUNDING FOR POSTSECONDARY STUDENT LOANS AND GRANTS FOR SCHOLARSHIPS THROUGH ITS SUBSIDIARY.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 19 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Education organizations in Tennessee.
- Base
- $475k
- Bonus
- $935k
- Other
- $9k
- Benefits
- $24k
- Base
- $309k
- Bonus
- $206k
- Other
- $10k
- Benefits
- $24k
- Base
- $262k
- Bonus
- $225k
- Other
- —
- Benefits
- —
- Base
- $262k
- Bonus
- $35k
- Other
- $9k
- Benefits
- $61k
- Base
- $184k
- Bonus
- $140k
- Other
- —
- Benefits
- —
- Base
- $185k
- Bonus
- $30k
- Other
- $681
- Benefits
- $59k
- Base
- $160k
- Bonus
- $28k
- Other
- $1k
- Benefits
- $37k
- Base
- $95k
- Bonus
- $12k
- Other
- $1k
- Benefits
- $30k
- Base
- $39k
- Bonus
- $18k
- Other
- $5k
- Benefits
- $24k
- Base
- $55k
- Bonus
- $3k
- Other
- $454
- Benefits
- $34k
- Base
- $28k
- Bonus
- $6k
- Other
- $584
- Benefits
- $28k
- Base
- $30k
- Bonus
- $7k
- Other
- $917
- Benefits
- $6k
- Base
- $27k
- Bonus
- $5k
- Other
- $558
- Benefits
- $5k
- Base
- $13k
- Bonus
- $4k
- Other
- —
- Benefits
- $2k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo Above 90th percentile | $475k | $935k | $9k | $24k | $1.4M $1.5M |
Evp/cfo Officer (Unspecified) | $309k | $206k | $10k | $24k | $549k $582k |
Chief Operations Officer Officer (Unspecified) | $262k | $225k | — | — | $520k $552k |
Chief Accounting Officer Officer (Unspecified) | $262k | $35k | $9k | $61k | $381k $404k |
Executive Vice President Median to 75th percentilevs Education peers nationwide | $184k | $140k | — | — | $343k $364k |
Managing Director Key Employee 75th to 90th percentilevs Education peers nationwide | $185k | $30k | $681 | $59k | $285k $302k |
Controller Above 90th percentilevs Education peers nationwide | $160k | $28k | $1k | $37k | $236k $251k |
Chief Information Security Officer Chief Information Officer 25th percentile to medianvs Education peers nationwide | $95k | $12k | $1k | $30k | $150k $159k |
Accounting Manager Median to 75th percentilevs all sectors nationwide | — | — | — | — | $136k $145k |
Chief Information Officer Below 10th percentilevs Education peers nationwide | $39k | $18k | $5k | $24k | $103k $110k |
AVP Servicer Compliance Highest Compensated Employee Below 10th percentile | $55k | $3k | $454 | $34k | $97k $103k |
Director Board Member Median to 75th percentile | — | — | — | — | $82k $87k |
Director Board Member Median to 75th percentile | — | — | — | — | $72k $76k |
Director Board Member Median to 75th percentile | — | — | — | — | $72k $76k |
Systems Engineer Highest Compensated Employee Below 10th percentile | $28k | $6k | $584 | $28k | $70k $74k |
Systems Admin Highest Compensated Employee Below 10th percentile | $30k | $7k | $917 | $6k | $48k $51k |
Systems Engineer Highest Compensated Employee Below 10th percentile | $27k | $5k | $558 | $5k | $45k $47k |
Chief Human Resources Officer (as of 03/2024) Officer (Unspecified) | $13k | $4k | — | $2k | $31k $33k |
Chief Human Resources Officer (thru 01/2024) Officer (Unspecified) | — | — | — | — | $7k $7k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Top pay as a share of expenses
In 2024, the highest total compensation at EDUCATION LOAN FINANCE INC equaled 1% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 9%
from 2023
From $1.3M in 2023 to $1.4M in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 9% from 2023 to 2024, while revenue fell 2%.
- Executive Vice President pay rose 14% from 2023 to 2024.
- Key Employee pay rose 34% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about EDUCATION LOAN FINANCE INC
What does the Chief Executive Officer of EDUCATION LOAN FINANCE INC earn?
In 2024, the Chief Executive Officer of EDUCATION LOAN FINANCE INC received $1,442,985 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Tennessee: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at EDUCATION LOAN FINANCE INC compare with similar nonprofits?
Compared with the same role at Education organizations in Tennessee, the 2024 pay of the Chief Executive Officer at EDUCATION LOAN FINANCE INC falls in the top 10%. In 2024, the highest total compensation at EDUCATION LOAN FINANCE INC equaled 1% of the organization's total expenses. The median for education organizations is 7%.
What are EDUCATION LOAN FINANCE INC's revenue and expenses?
In 2024, EDUCATION LOAN FINANCE INC reported $152.8M in total revenue and $135M in total expenses on its IRS Form 990.
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