Overview
What is Panhandle-Plains Student Finance Corporation?
The Panhandle-Plains Student Finance Corporation, based in Canyon, Texas, was a nonprofit organization that played a significant role in the student loan sector. Until its merger in August 2019, its primary mission was to provide funds for purchasing student loans, including both Federal Family Education Loan Program (FFELP) loans and alternative loans, at the post-secondary level. Additionally, the corporation ensured that necessary procedures for servicing such loans were in place to maintain their participation in the Federal Family Education Loan Program under the Higher Education Act of 1965. By doing so, the Panhandle-Plains Student Finance Corporation contributed to the financing of higher education for numerous students.
Official website here: www.ppsfc.org
Is Panhandle-Plains Student Finance Corporation legitimate?
Panhandle-Plains Student Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Panhandle-Plains 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.
Heare 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.ppsfc.org
What is the mission statement of Panhandle-Plains Student Finance Corporation?
The Panhandle-Plains Student Finance Corporation's mission, as stated, involves providing funds for the purchase of student loans at the post-secondary level. This is done within the framework of the Federal Family Education Loan Program under the Higher Education Act of 1965. The corporation also provides procedures for servicing these loans, which are necessary for continued participation in the aforementioned program. In simpler terms, the corporation assists students by providing funds for higher education loans and managing these loans effectively. Until its merger in August 2019, the corporation was actively involved in purchasing both Federal Family Education Loan Program (FFELP) student loans and alternative student loans for post-secondary education.
Official website here: www.ppsfc.org
Who is the CEO of Panhandle-Plains Student Finance Corporation?
Jimmy Parker is the Executive Di of Panhandle-Plains Student Finance Corporation.
Official website here: www.ppsfc.org
What is the revenue of Panhandle-Plains Student Finance Corporation?
Panhandle-Plains Student Finance Corporation's revenue in 2020 was $38,262.
Official website here: www.ppsfc.org
Who are the executives of Panhandle-Plains Student Finance Corporation and what are their salaries?
Here are 10 key members and their salaries:
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- Related: $204,481
- Other: $32,220
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- Related: $175,300
- Other: $45,438
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- Related: $132,086
- Other: $31,140
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Official website here: www.ppsfc.org
Where can I find the form 990 for Panhandle-Plains Student Finance Corporation?
Panhandle-Plains Student Finance Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.ppsfc.org
Learn more at the official website: www.ppsfc.org
Mission Statement of Panhandle-Plains Student Finance Corporation
Panhandle-Plains Student Finance Corporation, in its mission, aims to provide financial aid for the procurement of student loans at the post-secondary level. This organization plays a significant role in maintaining participation in the Federal Family Education Loan Program, as mandated by the Higher Education Act of 1965. Its primary objective is to offer procedures for the servicing of these student loans, ensuring their continued participation in the aforementioned program. Until its merger date in August 2019, the corporation provided funds for both Federal Family Education Loan Program (FFELP) student loans and alternative student loans at the post-secondary level, while also managing the servicing of these loans as required for continued participation in the program.
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Impact
October, 2024
Panhandle-Plains Student Finance Corporation played a crucial role in facilitating access to higher education by providing funding for student loans at the post-secondary level. The organization was instrumental in the purchasing and servicing of both Federal Family Education Loan Program (FFELP) loans and alternative student loans, which significantly aided students in managing the financial burdens associated with their education.
By ensuring that these financial resources were available, the Corporation helped to enhance educational opportunities for many individuals seeking to further their studies. Its efforts supported the broader mission of promoting higher education in the community, empowering students to achieve their academic goals and improve their future prospects. The structured procedures for loan servicing contributed to a smoother experience for borrowers, reinforcing the organization’s commitment to student success and financial literacy. Overall, the impact of Panhandle-Plains Student Finance Corporation has been profound, facilitating educational access and contributing to the advancement of the community through higher education.
This information is meant to be a general summary of Panhandle-Plains Student Finance Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2020.
- Investment Income: $13,584
- Program Service Revenue: $24,678
- Gross Receipts: $38,262
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER
Revenue
$22,003
SPECIAL ALLOWANCE PAYMENT
Revenue
$2,675
Organization Details
Founding Year
1985
Phone
(806) 324-4100Principal Officer
Jimmy Parker
Main Address
1303 23RD STREET, CANYON, TX, 79015
Website
www.ppsfc.orgNTEE Category
Code: B80 - Education
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