ECMC Assumes Responsibility for Loans Guaranteed by New Mexico Student Loan Guarantee Corporation (NMSLGC)

MINNEAPOLIS Aug. 4, 2025—Effective August 1, Educational Credit Management Corporation (ECMC) became the designated guaranty agency for the New Mexico Student Loan Guarantee Corporation (NMSLGC) Federal Family Education Loan Program (FFELP) portfolio. Since the appointment of ECMC as the designated agency was made, ECMC has been working closely with NMSLGC to ensure a smooth transition of services for students with outstanding loans made under FFELP.

“ECMC is pleased to support former New Mexico borrowers with streamlined, borrower-focused customer service through our integrated systems—navigating options for them to manage and resolve their loans,” said Chad Tate, ECMC president.

ECMC is the designated guarantor in Virginia, Oregon, Connecticut, California, Tennessee, South Carolina, Rhode Island, Maine, Illinois, Missouri, Louisiana, Utah and North Carolina, the third-party guarantor servicer for three clients and the SaaS provider for another guarantor.

About ECMC
Educational Credit Management Corporation (ECMC) is a nonprofit corporation with a mission to help students succeed. Headquartered in Minneapolis, ECMC works to lower student loan default rates; sponsors college access and success initiatives, and financial education programs; and provides resources to support student loan borrowers to successfully repay their loans. Visit www.ecmc.org for more information.

Media Contact
Laura Telander Graf
ltelandergraf@ecmc.org
651-325-3695