Education Loan Finance Inc
Provides funding for postsecondary student loans and grants for scholarships through its subsidiary.
Education Loan Finance Inc at a glance
- Total assets
- $2,031,275,123
- -5.8% vs 2023
- Revenue (2024)
- $152,761,053
- -1.8% vs 2023
- Net investment income (2024)
- $21,528,794
- -12.1% vs 2023
- Expenses (2024)
- $134,960,317
- +13.4% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Education Loan Finance Inc funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2022, annual grant giving ranged from $2K (2022) to $252K (2021). In 2022 it reported $2K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The University of Tennessee Foundation Inc Knoxville, TN | Scholarships | $152,000 |
| Shangri-La Therapeutic Academy Riding Inc Lenoir City, TN | Community Support | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,031,275,123 | $152,761,053 | $134,960,317 | — | — | $21,528,794 |
| 2023 | $2,155,671,295 | $155,521,982 | $119,011,760 | — | — | $24,497,577 |
| 2022 | $2,133,641,824 | $139,396,971 | $102,869,647 | $2,000 | Total only | $19,194,655 |
| 2021 | $2,281,627,256 | $227,234,757 | $79,925,696 | $252,000 | 2 | $10,694,008 |
| 2020 | $1,761,111,663 | $88,334,723 | $73,118,374 | — | — | $7,697,183 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Education Loan Finance Inc
Based on IRS filings
Education Loan Finance Inc is a public charity focused on Education, based in Knoxville, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0B in total assets. Net investment income was $21.5M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Education Loan Finance Inc is led by John Arnold, President & CEO on every filing since 2020; all 19 officers listed in 2024 are compensated.
Officers on the 2024 filing
John Arnold
President & CEO
On filings since 2020
20 hrs/week
$1.2M (2020) → $1.4M (2024)
Brent Starling
Managing Director
Controller → Managing Director, 2022
On filings since 2020
40 hrs/week
$152K (2020) → $215K (2024)
Christopher Simmons
Director
On filings since 2020
1 hr/week
$29K (2020) → $72K (2024)
Robert Rosenbaum
Director
On filings since 2020
1 hr/week
$97K (2020) → $82K (2024)
Stephen Clark
Director
On filings since 2020
1 hr/week
$57K (2020) → $72K (2024)
Barbara Thomas
Chief Operations Officer
On filings since 2020
16 hrs/week
$377K (2020) → $487K (2024)
Bill Thompson
Executive Vice President & CFO
On filings since 2020
18 hrs/week
$467K (2020) → $525K (2024)
David Burgett
Systems Engineer
On filings since 2020
8 hrs/week
$68K (2020) → $34K (2024)
Eric Stewart
Chief Accounting Officer
On filings since 2020
40 hrs/week
$285K (2020) → $305K (2024)
Jason Bolin
Controller
On filings since 2020
40 hrs/week
$137K (2020) → $189K (2024)
Jeff Gibbs
Chief Information Officer
On filings since 2020
4 hrs/week
$243K (2020) → $62K (2024)
Joseph Littleton
Chief Information Security Officer
Iso & Pso → Chief Info. Security Officer, 2022
Chief Info. Security Officer → Chief Information Security Officer, 2024
On filings since 2020
19.2 hrs/week
$66K (2020) → $109K (2024)
Michael O'Donnell
Executive Vice President
On filings since 2020
16 hrs/week
$146K (2020) → $324K (2024)
Steven Fisher
Systems Administrator
On filings since 2020
10 hrs/week
$61K (2020) → $38K (2024)
Eva Champion
Chief Human Resources Officer
On filings since 2023
4 hrs/week
$20K (2023) → $6K (2024)
Melissa Markis
Assistant Vice President Servicer Compliance
On filings since 2023
20 hrs/week
$56K (2023) → $58K (2024)
William Leroy Taylor
Systems Engineer
Systems Administrator → Systems Engineer, 2024
On filings since 2023
8 hrs/week
$31K (2023) → $33K (2024)
Christopher Kirk
Accounting Manager
New on the 2024 filing
40 hrs/week
$106K (2024)
Vicki Weaver
Chief Human Resources Officer
New on the 2024 filing
4 hrs/week
$17K (2024)
Former officers (7)
- Former: Dwight Kessel (2020–2023) — Director
- Former: Leo Cooper (2020–2023) — Director
- Former: Thomas Schumpert (2020–2023) — Director
- Former: Eva Todd (2020–2022) — Chief Human Resources Officer
- Former: Leroy Taylor (2020–2022) — Systems Administrator
- Former: Wayne Hood (2020–2022) — General Counsel
- Former: jeff smith (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1.4M, to John Arnold (President/CEO). 19 officers or directors reported compensation on that filing.
Frequently asked questions about Education Loan Finance Inc
How large is Education Loan Finance Inc?
Education Loan Finance Inc reported $2.0B in total assets on its 2024 IRS Form 990. Its revenue that year was $152.8M.
What is Education Loan Finance Inc?
Education Loan Finance Inc is a public charity focused on Education, based in Knoxville, TN. It holds $2.0B in total assets as of 2024.
Where does Education Loan Finance Inc operate?
Education Loan Finance Inc has awarded grants in Tennessee.
What is Education Loan Finance Inc's EIN?
Education Loan Finance Inc's EIN (Employer Identification Number) is 62-1586836. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 8, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 6, 2023)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Education Loan Finance Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Education Loan Finance Inc's focus areas in our free grants database
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
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Education Loan Finance Inc down — hundreds of funders to go?