Talk:Educational Credit Management Corporation

Edit Request for Opening Three Paragraphs

Suggest adding the following two paragraphs after the first paragraph to add more context about what this organization is:

In its role, ECMC works to reduce student-loan default rates and provide resources to help students repay their loans, as well as promote financial literacy and student success in higher education. ECMC provides current and future borrowers with free services, and also employs an ombudsman to impartially assist with complaints and disputes, questions, and to clarify processes.

ECMC also focuses on helping minority-serving institutions (MSIs) improve student success and institutional outcomes. One such initiative provides aid for students dealing with unforeseen financial emergencies. ChloeCorey (talk) 20:17, 12 May 2020 (UTC)

References

Edit Request for "History" Section

Suggest edits to the fourth, fifth and sixth paragraphs to add clarity regarding the involvement of ECMC vs. ECMC Group in relation to Corinthian Colleges, Inc.

In February 2015, the company's parent company’s newly created subsidiary Zenith Education Group acquired 56 Everest College and WyoTech campuses from Corinthian Colleges Inc. Zenith planned to transitioned the schools from for-profit to nonprofit status. It also planned to eliminated some programs with poor completion and job placement rates.[5] The deal included the forgiveness of $480 million in loans Corinthian students took out, earning praise from federal agencies and some consumer groups. According to ECMC Group, the acquisition saved more than 30,000 students from school closure and saved taxpayers an estimated $435 million in potential closed school losses.

ECMC Group reported a loss of $100 million for Zenith Education Group in 2015. In 2016, Zenith maintained 24 Everest College and Wyotech campuses, having consolidated, closed or begun teaching out 32 campuses. In 2016, ECMC Group gave $250 million to Zenith to maintain the remaining schools. [6]

As of 2017, Zenith maintains only three campuses under a new name, Altierus.[7] The three campuses in Florida, Georgia, and Texas are focused on trade skills career and technical education.[8] In March 2019, Altierus Career College launched its Refrigeration Technician and Heating, Ventilation and Air Conditioning (HVAC) Technician programs. Other programs offered include, Dental Assistants, Medical Assistant, Pharmacy Technician, Surgical Technologist, Electrical, Nursing, and Medical Coding and Billing. According to ECMC Group, as of December 31, 2019, the company has invested $544 million in career and technical education and an additional $253 million in student support at its schools. ChloeCorey (talk) 20:29, 12 May 2020 (UTC)

References

Edit Request to "Political influence" Section

I suggest changing this to past tense because Podesta Group closed in November 2017. See edit to paragraph below.

According to Open Secrets, ECMC Group had previously paid Podesta Group $580,000 to lobby for them. [9][10][11] The Podesta Group, founded by Tony Podesta and John Podesta was one of the most powerful and influential lobbying firms in Washington, DC.[12] The firm closed in November 2017.

ChloeCorey (talk) 19:00, 13 May 2020 (UTC)

References