The members of AAHEFA are
  1. Higher Education Loans Board, Kenya (HELB) -www.helb.co.ke
  2. Higher Education Students’ Loans Board, Tanzania (HESLB) - www.heslb.go.tz
  3. Students Loan Trust Fund,Ghana (SLTF)  www.sltf.gov.gh
  4. Higher Education Students' Financing Board (HESFB), Uganda - www.hesfb.go.ug
  5. Human Resource Development Council (HRDC), Botswana - www.hrdc.org.bw
  6. National Student Financial Aid Scheme (NSFAS), South Africa - www.nsfas.org.za
  7. National Manpower Development Secretariat (NMDS), Lesotho - www.planning.gov.ls
  8. Namibia Students' Financial Assistance Fund (NSFAF), Namibia - www.nsfaf.na
  9. Development Bank of Rwanda -  www.brd.rw
  10. Higher Education Loans Scholarship Board, Zambia –  www.helsb.gov.zm
  11. Higher Education Students Loans & Grants Board (HESLGB), Malawi - http://www.heslgb.mw
  12. Sierra Leone Students' Loan Scheme (SLOAN-SL), Sierra Leone  - https://sloan-sl.org.
  13. Pre-Service Tertiary Education and Training (PTET), Eswatini - https://gov.sz

Prospective members: The prospective members who are in the process of joining the Association are as follows;
  1. Zanzibar Higher Education Loans Board (ZHELB), Zanzibar - www.zhelb.go.tz
  2. Ministry of Higher & Tertiary Education, Zimbabwe - www.mhtestd.gov.zw
Key stakeholders and prospective partner institutions Key AAHEFA stakeholders include Membership of AAHEFA is open to institutions which deal with issuance of loans, bursaries/grants and scholarship to Higher Education Students in Africa as well as collecting back the loans issued.