ECMC Group is a nonprofit corporation focused on helping students succeed. Headquartered in Minneapolis, ECMC Group and its family of companies provide financial tools and services, nonprofit career education and funding for innovative programs to help students achieve their academic and professional goals.
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. ECMC is the designated guarantor in Virginia, Oregon, Connecticut, California, Tennessee, South Carolina, Rhode Island and Maine, and the third-party guarantor servicer for five clients. In our guarantor role, ECMC provides financial education services to empower students to make informed choices about their futures. ECMC also oversees student loan repayments to ensure taxpayer funds are replenished so future generations of students have access to federal education funding.
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.
Based in Los Angeles, ECMC Foundation's mission is to inspire and facilitate improvements that affect educational outcomes—especially among underserved populations—through evidence-based innovation. The Foundation makes investments in two focus areas: College Success and Career Readiness. It is one of several affiliates under the ECMC Group enterprise based in Minneapolis.
From initial career planning and skills assessment, all the way through graduation and landing a good job, we help students succeed by providing affordable, quality education and skills training for high-growth, in-demand occupations. ECMC Education, a nonprofit career education provider, is helping bridge our nation's skills gap and support the U.S. economy. ECMC Education offers high-quality programs that are regularly updated to provide students with training for in-demand skills so students are prepared, well-trained and ready to work in fulfilling careers immediately upon graduation. Above all, we're driven to promote the long-term success of our graduates.