March 06, 2023
MINNEAPOLIS—Effective March 1, Educational Credit Management Corporation (ECMC) became the designated guaranty agency for the Utah Higher Education Assistance Authority (UHEAA) Federal Family Education Loan Program (FFELP) portfolio. Since the appointment of ECMC as the designated agency was made, ECMC has been working closely with UHEAA to ensure a smooth transition of services for students with outstanding loans made under FFELP.
“ECMC is pleased to support former UHEAA borrowers 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, Missouri and Louisiana 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.