Effective November 1, 2010, Educational Credit Management Corporation (ECMC) has assumed responsibility for the California Student Aid Commission (CSAC) Federal Family Education Loan (FFEL) Program guaranty portfolio. Federal student loans guaranteed by CSAC and serviced by EdFund have been transferred to ECMC.
ECMC and CSAC are committed to a smooth transition of services for students, borrowers, schools, lenders and servicers. ECMC is in the process of establishing a substantial operations center in Rancho Cordova, California. While ECMC is working to establish a California operations center, they have entered into a service agreement with CSAC to ensure uninterrupted services during the transition period. These services include ECMC providing technical and operational support to CSAC in their administration of the California Cal Grant, Specialized and Outreach Programs.