October 03, 2022
MINNEAPOLIS—Effective October 1, Educational Credit Management Corporation (ECMC) became the designated guaranty agency for the Missouri Department of Higher Education & Workforce Development (MDHEWD) Federal Family Education Loan Program (FFELP) portfolio. Since the appointment of ECMC as the designated agency was made, ECMC has been working closely with MDHEWD 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 and Illinois and the third-party guarantor servicer for five clients.
About ECMC
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.