January 03, 2023
MINNEAPOLIS—Effective January 1, Educational Credit Management Corporation (ECMC) became the designated guaranty agency for the Louisiana Office of Student Financial Assistance (LOSFA) Federal Family Education Loan Program (FFELP) portfolio. Since the appointment of ECMC as the designated agency was made, ECMC has been working closely with LOSFA to ensure a smooth transition of services for students with outstanding loans made under FFELP.
“ECMC remains committed to providing exceptional customer service to help borrowers navigate and find the best solutions,” said Chad Tate, ECMC president.
ECMC is the designated guarantor in Virginia, Oregon, Connecticut, California, Tennessee, South Carolina, Rhode Island, Maine, Illinois and Missouri and the third-party guarantor servicer for three clients.
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.