We serve a vital mission
As a nonprofit corporation providing services in support of higher education finance, we assist students and families in their efforts to plan and pay for college.
ECMC
Who We Are
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About us:
ECMC plays a vital role in the nation’s education finance system. We are one of the country’s top 10 guaranty agencies and the U.S. Department of Education's designated provider for student loan bankruptcy services.
Student loan guaranty services
Established in 1994, ECMC is a national guaranty agency and the designated guarantor in Virginia, Oregon, Connecticut and California, insuring a $35 billion student loan portfolio. Although legislation was passed in 2010 requiring all new federal loans to be issued under the Federal Direct Loan Program, we continue in our guarantor role by sponsoring programs to help students and families plan and pay for college. We work with schools and loan servicers to lower student loan default rates, promote financial literacy and provide resources to support student loan borrowers to successfully repay their loans.
Bankruptcy servicer for student loans
We are the U.S. Department of Education's designated bankruptcy servicer and have been since 1994. We built a unique, uniform and comprehensive bankruptcy operation that protects the federal fiscal interest and supports borrowers as they work through the bankruptcy process. Our centralized approach to student loan bankruptcy management services is exceptional:
- We’ve managed nearly 400,000 bankruptcies, totaling in excess of $5.6 billion.
- We’ve returned over $2.1 billion to the U.S. Treasury.
- We now manage bankrupt loans for 22 guaranty agencies and the U.S. Department of Education.
Careers
Want to help people finance their college dreams? We want to hear from you.
Does this work for you?
Helping people achieve their dreams of higher education.
Being part of an organization with a low employee turnover rate.
Enjoying a flexible work schedule.
Participating in a robust health and wellness program.
Fulfilling your own education goals.
Working at ECMC
You can feel and see the difference as soon as you walk in the door. The pace is fast, the dress is casual and everyone is engaged in a common purpose. We encourage a diverse, entrepreneurial culture where ideas are welcome and working together is the norm.
The benefits of working at ECMC
At ECMC, we don’t just talk about valuing our employees. We back it up, because we believe in balancing work and life. That’s why we provide a generous benefits program. Our standard benefits include:
- Medical and dental insurance
- 401(k)
- Tuition assistance
- Life and AD&D insurance
- Short-term and long-term disability insurance
- Vision care
- Health and wellness initiatives
- Casual dress environment
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Headquarters
Oakdale, MN
http://ecmc.org/