OAKDALE, Minn., April 2, 2013 /PRNewswire/ -- Educational Credit Management Corporation (ECMC), a nonprofit organization, announces a new strategic partnership with iGrad, an award-winning financial literacy company.
ECMC has partnered with iGrad to offer schools a comprehensive, integrated student loan repayment and financial literacy service—called Solutions. Solutions includes the iGrad platform as well as access to ECMC's highly-trained student loan repayment advisors who will spend as much one-on-one time as necessary with students to explain options for repayment. Students want to repay their loans, but increasingly, they are unsure how. This individual assistance helps students avoid delinquency or default and keeps their financial house in order. ECMC works closely with its school clients and the various federal loan servicers to augment their efforts to provide students with objective, straightforward information about repayment options.
This expansion of services aligns with ECMC's mission of supporting schools to help their students succeed. Being proactive in educating students about paying back their loans before they run into trouble, in conjunction with providing the tools for personal finance management, sets them on the path to success.
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.
iGrad partners with colleges, universities and organizations across the country to provide a customized, comprehensive and industry-leading financial literacy platform, which connects students, alumni, parents and families as well as campus administrators with the tools needed to succeed in the real world of personal finance. iGrad is headquartered in San Diego, Calif.