We at Total Higher Education are very pleased to announce that we’ve secured the interim financing necessary to participate in the Department of Education’s loan program. Last month, we received a line of funding from Educational Credit Management Corporation (ECMC), a higher education finance company.
Without this interim financing solution from ECMC, we probably would not have met our schools’ student loan financing demands for this academic season. In these difficult times, it’s certainly good to know there’s a financial entity willing to help its colleagues — and eager to help students get the money they need to pay for school. We’re grateful to ECMC for its timely contribution.
We’re also grateful to the schools and students who waited patiently to get their loans from T.H.E. And we look forward to welcoming back those who had to look elsewhere during for the 08-09 school year.