November 06, 2023
MINNEAPOLIS—Effective November 1, Educational Credit Management Corporation (ECMC) became the designated guaranty agency for the North Carolina State Education Assistance Authority (NCSEAA) Federal Family Education Loan Program (FFELP) portfolio. Since the appointment of ECMC as the designated agency was made, ECMC has been working closely with NCSEAA to ensure a smooth transition of services for students with outstanding loans made under FFELP.
“ECMC is well positioned to help former NCSEAA borrowers navigate options to resolve their student loans with high-quality customer service leveraging our flexible technology platform,” said Chad Tate, ECMC president.
ECMC is the designated guarantor in Virginia, Oregon, Connecticut, California, Tennessee, South Carolina, Rhode Island, Maine, Illinois, Missouri, Louisiana and Utah, the third-party guarantor servicer for three clients and the SaaS provider for two 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.