ECMC Group press center

Media contact

Joseph Diebold
jdiebold@gpg.com

News archives

ECMC Group Companies

The following is a brief description of each company within ECMC Group.

ECMC Group (Nonprofit)
ECMC Group is a nonprofit investment corporation with a mission to help students succeed. ECMC Group and its family of companies provide financial tools and services, nonprofit career education, and funding for innovative programs to help students succeed and achieve their academic and professional goals. ECMC Group is also the sole member of ECMC Shared Services Company, LLC, which provides shared services to all affiliates, including information technology, human resources, finance, corporate communications, legal, compliance and security.

ECMC—Guarantor (Nonprofit)

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.

Visit ECMC at www.ecmc.org.

Through Solutions, a fee-for-service line of business, ECMC offers postsecondary institutions a suite of student loan repayment services that includes one-on-one repayment advising, financial literacy programs and default prevention services. 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.

Visit Solutions at ECMC at www.ecmc.org/Solutions.

ECMC Foundation (Nonprofit)
ECMC Foundation is a Los Angeles-based, nationally focused foundation whose mission is to inspire and to facilitate improvements that affect educational outcomes—especially among underserved populations—through evidence-based innovation. It is one of several affiliates under the ECMC Group enterprise based in Minneapolis. ECMC Foundation makes investments in two focus areas: College Success and Career Readiness; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments, to invest in both nonprofit and for-profit ventures. Working with grantees, partners and peers, ECMC Foundation's vision is for all learners to unlock their fullest potential.

Visit ECMC Foundation at www.ecmcfoundation.org.

ECMC Education (Nonprofit)
ECMC Education is a nonprofit provider of educational solutions rooted in innovation, employer collaboration and industry stewardship to generate superior learner outcomes. The organization operates a network of career and technical schools as Altierus Career College and offers a range of custom, direct-to-employer training solutions through Altierus Training Solutions. By pioneering a robust, technology-enabled model that holistically serves learners and connects them to in-demand careers with strong earning potential, ECMC Education seeks to maximize return on investment for students and partners.

Visit ECMC Education at www.ecmceducation.org.

ECMC Holdings Corporation (For-Profit)
ECMC Holdings Corporation was established by the ECMC Group Board of Directors as a vehicle for pursuing revenue diversification opportunities through investment or acquisition in other companies. ECMC Holdings currently has no operating activities.

Our Missions and Values

The mission of ECMC Group is to help students recognize and realize their potential by investing in, creating and providing innovative education solutions that support schools and improve student educational outcomes. Simply stated, our mission is to help students succeed. Read more >

The mission of ECMC Group is to help students recognize and realize their potential by investing in, creating and providing innovative education solutions that support schools and improve student educational outcomes. Simply stated, our mission is to help students succeed.

ECMC Group and its affiliated companies operate under the following set of core values that we aspire to have reflected in all of our business activities:

Integrity Integrity
We uphold the highest standards of conduct. We seek and speak the truth.
Service Service
We are dedicated to our mission and committed to meeting the needs of those we serve.
Excellence Excellence
We embrace personal accountability. We are results-driven and strive for excellence in all that we do.
Teamwork Teamwork
We value and respect a diverse workforce and believe that our team is much more than the sum of our parts.
Wellness Wellness
We support the physical, financial and emotional well-being of our employees.

Close >

Employee Community Outreach

ECMC Group commits to furthering our positive impact in our communities through service, charitable giving and good corporate citizenship. It is our goal to develop a strong employee volunteer program by providing lists of opportunities for those who wish to volunteer independently and sponsor events where employees can work as teams on a project. Read more >

ECMC Group commits to furthering our positive impact in our communities through service, charitable giving and good corporate citizenship. It is our goal to develop a strong employee volunteer program by providing lists of opportunities for those who wish to volunteer independently and sponsor events where employees can work as teams on a project.

Community involvement activities include, but are not limited to, the following

  • Volunteer opportunities: Employees are making a difference in our communities every day. All employees play an important role in helping our local communities through their donations of time, in-kind donations and money, in addition to working hard every day to allow ECMC Group to award grants to organizations in need.
  • Caring for the Community: The Caring for the Community (CFC) Committee is dedicated to providing opportunities to employees that allow employees to serve their communities through a variety of ways and across diverse causes.
  • GO! Program: The GO! Program (Generating Outcomes: Funding education innovation in our communities) is designed to involve employees in thinking about the mission of ECMC Foundation and how it might best be achieved where they live and work. Employees have the opportunity to allocate ECMC Group revenues back into our local communities to fund education innovation. Since 2015, more than $5 million has been invested through this program to improve long-term educational outcomes in our local communities.

Close >

College Access and Financial Education Outreach

ECMC helps students and their families prepare for their futures by planning for the expenses associated with going to college, provides financial education training and other tools to help students become knowledgeable about their finances and the costs of attending college, and helps students pursue higher education by providing tools and college-planning resources. Read more >

ECMC helps students and their families prepare for their futures by planning for the expenses associated with going to college, provides financial education training and other tools to help students become knowledgeable about their finances and the costs of attending college, and helps students pursue higher education by providing tools and college-planning resources.

ECMC provides outreach programs and initiatives that promote college access, retention and success in the states where ECMC is the designated guarantor: Virginia, Oregon, Connecticut, California, Tennessee and South Carolina. Some of our offerings are available to all students and families, regardless of their location.

Student Success Programs and Initiatives

  • Financial education materials—Financial Awareness Basics (FAB)
  • College planning guide—Opportunities
  • College planning events—College Nights
  • Financial literacy simulation game—FAB Life
  • Mentoring scholarship program—ECMC Scholars
  • College access centers—The College Place
  • Curricula guides
    • Believing the College Dream (grades 4-8)
    • Realizing the College Dream (grades 9-12)
    • PERSIST (college)

Close >

A Holistic Educational Experience for Students at Our Schools

Students at ECMC Education's Altierus Career College campuses benefit from a technology-forward learning experience that combines the best of hands-on instruction with flexible, interactive and virtual extensions. To fully equip students to thrive in their journeys, we surround them with a range of personalized support services, some of which continue after graduation. Deep relationships with employer partners provide access to externships, expanded learning opportunities, and ultimately job placement. Read more >

Students at ECMC Education's Altierus Career College campuses benefit from a technology-forward learning experience that combines the best of hands-on instruction with flexible, interactive and virtual extensions. To fully equip students to thrive in their journeys, we surround them with a range of personalized support services, some of which continue after graduation. Deep relationships with employer partners provide access to externships, expanded learning opportunities, and ultimately job placement.

Professional Skills Development
In addition to technical skills, students gain and demonstrate proficiency in communication, interpersonal skills, self-management, emotional intelligence and career-building competencies.

Career Pathway Planning
In addition to connecting employers with students in their desired profession, we promote personal development and encourage continuing training so they can grow and advance in their career pathways.

Hands-On Training and Interactive Modules
Students gain hands-on training experience in professional learning environments complimented by technology-enabled instruction, such as interactive lectures and online coursework.

All-Inclusive Training
Tuition includes an iPad, professional tools, externship (varies by program), and certification/licensure prep and testing at no extra cost so students are ready to begin their training fully equipped.

Modern Technology and Tools
Our labs contain equipment and technology students will see and use in the modern workplace, preparing them for success in their careers.

Community Support
We surround students with wraparound services such as transportation assistance and emergency support throughout their educational journey to help them stay in school and on track.

Close >

ECMC Group Investing

Education Impact Fund
The ECMC Group Education Impact Fund invests in mission-aligned, impact-driven and financially scalable ventures that are focused on postsecondary education and the future of work. Read more >

Education Impact Fund
The ECMC Group Education Impact Fund invests in mission-aligned, impact-driven and financially scalable ventures that are focused on postsecondary education and the future of work.

We are committed to establishing productive, supportive and engaging relationships with our portfolio companies to help them think innovatively, scale outcomes and generate competitive returns.

In addition to direct investments, we also invest in and partner with other mission-driven education investors.

Institutional Investment Approach
ECMC Group and ECMC Foundation jointly own a diversified investment portfolio valued at more than $1.5 billion. The goal of the investment portfolio is to provide prudent diversified long-term investment returns to fund ECMC Foundation's annual budget and to advance the mission of ECMC Group. We work to establish an appropriate risk-adjusted asset allocation and seek out long-term partnerships across the globe with managers who provide deep analytical insights and improve the operations of public and private businesses.

Close >

ECMC Foundation

ECMC Foundation invests in innovative programs and ideas to advance educational opportunities for students from underserved communities, including students of color, students from low-income families and first-generation college students. We invest in two focus areas: College Success and Career Readiness. Read more >

ECMC Foundation invests in innovative programs and ideas to advance educational opportunities for students from underserved communities, including students of color, students from low-income families and first-generation college students. We invest in two focus areas: College Success and Career Readiness.

College Success
ECMC Foundation invests in programs that increase the number of underserved students who persist through and graduate from an institution of higher education with a four-year degree.

Career Readiness
ECMC Foundation supports short-term postsecondary programs and opportunities for traditionally underserved adult learners, leading to careers that allow for economic mobility and a family-sustaining wage.

Education Innovation Ventures
The Education Innovation Ventures (EIV) program makes below-market-rate investments into nonprofit and for- profit ventures that seek to generate both social impact and financial returns. The EIV program uses a full spectrum of program-related investments—including debt and equity instruments—to improve educational outcomes and economic mobility among learners from underserved backgrounds.

GO! Program
Through the GO! Program, ECMC Foundation supports educational initiatives in the communities where ECMC Group employees live and work. The program is designed to involve employees under all affiliates of ECMC Group, the parent company, in recognizing organizations that align with the Foundation's mission of improving educational outcomes among underserved communities.

Close >