ECMC assumes responsibility for loans guaranteed by South Carolina State Education Assistance Authority (SCSEAA)
December 1, 2016—Effective today, Educational Credit Management Corporation (ECMC) becomes the designated guaranty agency for the South Carolina State Education Assistance Authority (SCSEAA) Federal Family Education Loan Program (FFELP) portfolio. Since the appointment of ECMC as the designated agency was made, ECMC has been working closely with SCSEAA to ensure a smooth transition of services for students with outstanding loans made under FFELP.
"ECMC remains committed to providing high-quality customer service that SCSEAA customers have come to expect," said Jan Hines, ECMC chief executive officer.
ECMC is a national guaranty agency and the designated guarantor for the commonwealth of Virginia, and the states of Oregon, Connecticut, California and Tennessee. ECMC also provides bankruptcy servicing for 23 guaranty agencies and the U.S. Department of Education.