As the parent company, ECMC Group provides executive level governance for affiliate companies and sets overall corporate strategy. Following is a brief description of each company within ECMC Group.
Established in 1994, Educational Credit Management Corporation (ECMC) is a nonprofit company that provides support for the administration of the Federal Family Education Loan Program as a student loan guaranty agency. In our guarantor role, ECMC sponsors programs to help students and families plan and pay for college. We work with schools and loan servicers to lower student loan default rates, promote financial literacy and provide resources to support student loan borrowers to successfully repay their loans.
For postsecondary institutions, ECMC offers Solutions—a suite of services that includes financial literacy, student loan repayment counseling and default prevention. This line of business is a natural adjacency to our role as a guaranty agency as it expands our reach to help student loan borrowers successfully meet their student loan obligations. To learn more about our Solutions services, visit ecmc.org/Solutions.
Funded by ECMC Group, ECMC Foundation is a Los Angeles-based, nationally focused foundation with current assets of $354 million. The mission of ECMC Foundation is to inspire and facilitate improvements that affect educational outcomes—especially among underserved populations—through evidence-based innovation. The foundation has three priority investment areas: teacher development, college readiness and retention, and career readiness. ECMC Foundation prioritizes evaluation and measurement and is committed to sharing its impact.
Zenith Education Group
Founded with a commitment to putting students first, Zenith Education Group is one of the largest nonprofit providers of career education in the U.S. We are dedicated to promoting the long-term success of our students and graduates—measured by program completion and job placement rates. Zenith schools operate under the Everest and WyoTech names.
ECMC Innovation Lab
Based in Washington, D.C., the ECMC Innovation Lab is an incubator for new products and initiatives at ECMC Group and its affiliates. The Lab focuses on initiatives that increase transparency in college costs, empower students to make more informed decisions about financing their education and advance successful models of career school training. In short, the Lab uses design, research and technology to provide solutions that empower students to succeed in postsecondary education.http://ecmcinnovationlab.org
Premiere Credit of North America
Premiere Credit is an accounts receivable management company and a longtime partner of the U.S. Department of Education, the Indiana state government, and universities and guaranty agencies nationwide. Established in 1999, Premiere Credit has built a culture on practices that are ethical, compliant, security-focused and results-driven.