The Independent Association of Framingham State Alumni, or IAFSA, is a non-profit self governed organization that has been in operation since 1874. IAFSA receives and distributes scholarships, awards and no-interest loans to students enrolled at Framingham State University.
Funding is the product of donations, bequests and the rental of the Alumni House, which is maintained by IAFSA and can be rented for business and family functions.