PHEAA (Pennsylvania Higher Education Assistance Agency) was created by the Pennsylvania General Assembly in 1963 with the core mission of creating affordable access to higher education. Since then, we have evolved into one of the nation's leading student aid organizations providing loan servicing, loan guaranty, financial aid processing, outreach and a variety of student aid programs.

Our business earnings are used to cover PHEAA's operating costs and to support our public service mission without any support from taxpayers. This includes our $50 million annual contribution to the State Grant Program, the administration of state-funded student aid programs and the development of college planning and application tools.