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The College Place-Woodbridge and The College Place-Richmond announce new directors

April 6, 2018

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TCPs provide free resources to help Virginia students plan for college

RICHMOND, Va. – April 5, 2018 – Educational Credit Management Corporation (ECMC) announced today The College Place-Woodbridge (TCP-Woodbridge) and The College Place-Richmond (TCP-Richmond) have hired new directors. Danny Eckstein will direct the Woodbridge location, while Jan Smith will oversee the Richmond location.

TCP-Woodbridge, located at Northern Virginia Community College, and TCP-Richmond, located at Virginia Commonwealth University, provide free information and assistance for students of all ages throughout the state. Through in-person, telephone and online support, the centers help students complete applications and financial aid forms, as well as locate scholarships that can decrease overall costs. Staff are also available to visit schools and to conduct workshops.

"ECMC is thrilled to welcome Danny and Jan, who bring substantial experience to help Virginia students and families in navigating the college-going process," said Paula Craw, ECMC vice president of student success and outreach. "We have a long history of college access work in the commonwealth and we're happy to have two fantastic student advocates to add to our team."

TCP-Woodbridge's main office is located at 2645 College Drive. To set up an appointment with a representative or to learn more, contact The College Place 434-242-9053 or woodbridgevatcp@ecmc.org.

TCP-Richmond's main office is located at 120 South Linden Street. To set up an appointment with a representative or to learn more, contact The College Place 804-827-1755 or richmondvatcp@ecmc.org.

ECMC has five other college access centers across the country: TCP-Colorado, TCP-Oregon, TCP-Connecticut, TCP-Northern California and TCP-Minnesota.

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ECMC opens college access center in Denver

April 6, 2018

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The College Place, located at University of Colorado Denver, provides free resources to help students plan for college

DENVER, Colo. – April 5, 2018 – Educational Credit Management Corporation (ECMC) has opened a new college access center to help students of all ages prepare for college.

The College Place-Colorado (TCP-Colorado), located at University of Colorado Denver, provides free information and assistance for students throughout the state. Through in-person, telephone and online support, the center helps students of all ages complete applications and financial aid forms, as well as locate scholarships that can decrease college costs. Staff is also available to visit schools and conduct workshops.

"The College Place is an invaluable resource for students planning and preparing for college," said Chevy Lowe, director of TCP-Colorado. "I am honored to have the opportunity to work with all students and help them find the path that aligns with their goals and aspirations."

Ms. Lowe has been active in the higher education field for more than seven years. Her work has focused on serving and counseling students, with a focus on underserved student access.

TCP-Colorado's main office is located at 1201 Larimer Street, Suite 1007. To set up an appointment with a representative or to learn more, contact The College Place at 612-212-8831 or coloradotcp@ecmc.org.

ECMC has six other college access centers across the country: TCP-Minnesota, TCP-Oregon, TCP-Connecticut, TCP-Northern California, TCP-Richmond in Virginia and TCP-Woodbridge in Virginia.

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ECMC to assume contracts for four third-party guarantors serviced by Navient

March 20, 2018

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Educational Credit Management Corporation (ECMC) announced today that it has entered into an agreement with Navient to assume the third-party guarantor servicing contracts currently being managed by Navient. Effective July 1, 2018, the following four guarantors will become new third-party servicing clients of ECMC:

  • Michigan Guaranty Agency
  • Oklahoma College Assistance Program
  • Louisiana Office of Student Financial Assistance
  • Finance Authority of Maine

"ECMC remains committed to providing high-quality customer service that Navient's third-party servicing clients have come to expect," said Jan Hines, president and chief executive officer of ECMC.

"We are proud to have served student loan borrowers supported by guarantors in these four states over the years, and are pleased to turn over this important work to one of the largest, most experienced players in this field," said Jeff Whorley, group president, asset management and servicing, at Navient.

Navient and ECMC are working with these organizations to ensure a seamless transition and uninterrupted service support for borrowers.

About Navient
Navient (Nasdaq: NAVI) is a leading provider of asset management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. Headquartered in Wilmington, Delaware, Navient also employs team members in Indiana, western New York, northeastern Pennsylvania, Tennessee, Texas, Virginia, Wisconsin, and other locations. Visit www.navient.com for more information.

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Helping students succeed

March 6, 2018

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The following article is from Minnesota Business.

Eighty-six percent of college undergraduates own smartphones. But even with so much information at their fingertips, today's college students remain novices when it comes to their finances. More than half of students surveyed in a recent LendEdu study reported having no personal finance education in high school. Perhaps, then, it is no surprise that more than 4.5 million Americans are in default on more than $75 billion in student loans.

Minneapolis-based nonprofit ECMC Group and its family of companies are working to change that fact by helping students prepare for college by empowering them to make informed choices about their fields of study, as well as the financial responsibility that may accompany those choices.

"We understand the critical role getting students to and through college plays in their future success and financial stability," said Jeremy Wheaton, president and CEO of ECMC Group. "Everything we do is focused on helping students succeed." ECMC Group works with students at every step of their higher education journey. In addition to providing financial education tools and services, the organization offers nonprofit career education and funds programs that affect educational outcomes — especially among underserved populations.

Providing the Right Tools
The cost of college has increased more than 150% in the last 20 years, making financial education a vital element in preparing for college.

ECMC — an affiliate of ECMC Group — offers a number of free resources on ecmc.org for students and families to help them prepare for their education beyond high school. Resources include the Opportunities Book — a free step-by-step workbook that provides the tools families need to make informed decisions about choosing the right school, completing a college application and navigating the financial aid process.

The organization also operates college access centers — brick-and-mortar locations across the country — that provide free college planning resources to families and students of all ages. From helping students complete college applications and financial aid forms to finding scholarships, The College Place (TCP) centers provide a wealth of support to students as they plan their higher-education journey.

Recently, ECMC opened its first TCP center in Minneapolis on the campus of Minneapolis Community and Technical College. The center serves students and families in the metro area and beyond.

To further educate students, ECMC created an interactive financial literacy game, FAB Life, which is designed to teach students about personal financing using real-life scenarios. ECMC also offers resources for educators, including a free educator curricula guide to help low-income and first-generation students realize their dreams of postsecondary education.

Mentoring Future Leaders
As part of its commitment to students as well as its focus on community outreach, ECMC Group partners with a variety of organizations to offer time and resources as well as opportunities for employees across the country to volunteer in their local communities. In Minnesota, the organization supports a variety of organizations, including Cristo Rey Jesuit High School, Junior Achievement and BestPrep's ementoring program, where employees mentor high school students in ninth through twelfth grade via email.

"One of the great things about working with BestPrep is that we get to work one-on-one with students and we have an opportunity to make a direct impact on the college and career decisions they may make," said Sabrina Berg, senior community relations specialist with ECMC Group. "We have the opportunity to inspire them to go to college and join the professional world. Our employees have a strong passion for education and this partnership allows us to make an even greater impact on the lives of local students."

ECMC Group is proud of its robust volunteer and giving program. In 2017, the organization donated $1.6 million around the country, nearly $450,000 in Minnesota alone. In addition, 45% of employees in Minnesota participated in the volunteer program.

In the end, says Wheaton, ECMC Group's efforts all come back to the organization's mission to help students succeed.

"It is important for us to help students, to encourage them to continue their education and to help them understand that college can be possible for them with the right resources and support."

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More than 2,000 attend latino student leadership conference

March 6, 2018

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The following article is from the Statesman Journal.

IThe College Place Oregon director Jennifer Satalino was interviewed at the Cesar E. Chavez Leadership Conference. Click here for to watch the video.

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