ECMC expands student loan repayment services

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Mar 26, 2013, 01:00 ET

OAKDALE, Minn., March 26, 2013 /PRNewswire/ -- Educational Credit Management Corporation (ECMC) announced today the repositioning and expansion of services of ECMC Solutions, a fee-for-service default prevention business, as a line of business within ECMC—a nonprofit affiliate of ECMC Solutions. This line of business is a natural adjacency to our work as a 501(c)(3) nonprofit company and aligns with our mission to support schools and help students realize their potential to achieve their education goals.

Expansion of services
Not only will ECMC continue to provide the comprehensive default prevention services ECMC Solutions' clients have come to expect, this transition allows us to expand our offering to include an enhanced suite of student loan repayment and financial literacy services.

Partnering for student success
Forging a strong partnership with postsecondary institutions, we can put our highly trained student loan repayment advisors and leading-edge technological resources to the task of helping students manage their student loan repayment obligation and to succeed in the real world of personal money management.

More information about this exciting service offering will be available in the coming weeks.

About ECMC
ECMC is a nonprofit corporation that assists students and families in their efforts to plan and pay for college. ECMC also works with postsecondary institutions to lower student loan default rates, promotes financial literacy and provides resources to support student loan borrowers to successfully repay their loans. ECMC is headquartered in Oakdale, Minn.

SOURCE ECMC