Formed in the mid-1970s, the Consortium on Financing Higher Education (COFHE) was an unincorporated, voluntary, institutionally-supported organization of highly selective, private liberal arts colleges and universities, all of which were committed to meeting the full demonstrated financial need of admitted students.

The Consortium's data collection, research, and policy analysis focused on matters pertaining to access, affordability, and assessment, particularly as they related to undergraduate education and the financing of higher education. All data supplied to, compiled by, and shared among the Consortium were subject to strict confidentiality guidelines.

In collaboration with member institution personnel, the COFHE staff conducted a range of routine, episodic, and ad hoc research activities to inform and support institutional decision-making.

During its 50th anniversary year in 2024-25, the membership of the Consortium decided to end operations; the Consortium officially closed on December 31, 2025.