ECMC Group Introduces ECMC Education

New Name Reflects Evolution of Nonprofit Provider of Career and Technical Education

January 07, 2020

PRESS RELEASE

MINNEAPOLIS—ECMC Group today announced that Zenith Education Group will become ECMC Education. The name change signifies an enhanced collaboration across the ECMC Group family of companies as well as future growth opportunities to support its mission of helping students succeed.

"Our work in the postsecondary education space, particularly in career and technical education, has become extremely robust within the various entities across our organization," said Jeremy Wheaton, president and CEO of ECMC Group. "Given our overall focus, it made sense to change the name to better reflect those synergies."

Zenith Education Group was formed when ECMC Group acquired a number of Corinthian College campuses in 2015, transitioning the schools to nonprofit and enhancing the program offerings to result in better student outcomes. The effort enabled more than 30,000 students to continue their education and resulted in savings for American taxpayers of an estimated $435 million in potential closed school losses. ECMC Group is the parent company to Educational Credit Management Corporation (ECMC) and ECMC Foundation, as well as ECMC Education.

ECMC Education provides oversight and guidance to three reimagined, innovative career and technical schools under the brand of Altierus Career College, where students receive a blended, hands-on and interactive educational experience with holistic support services throughout the student journey, such as integrated professional skills development and emergency financial resources. ECMC Education is also focused on expanding its delivery of educational solutions through employer-driven upskilling programs and technology-enabled learning in innovative school formats.

"We are extremely proud of the work being done on our campuses, particularly the impressive student outcomes that have been achieved," said Todd Steele, president of ECMC Education. "While we remain committed to our original goals of increasing affordability and connecting our students to well-paying careers, we also are extremely focused on increasing educational access by deepening our relationships with business owners, policymakers and community-based organizations so that together we can pioneer new educational delivery methods that benefit our students, their employers and the communities at large."

About ECMC Education
ECMC Education is a nonprofit provider of educational solutions rooted in innovation, employer collaboration and industry stewardship to generate superior learner outcomes. The organization operates schools under the Altierus Career College brand and offers a range of training solutions designed to help learners achieve their educational goals as well as assist employers in solving talent and skill gaps.

About ECMC Group
ECMC Group is a nonprofit corporation with a mission to help students succeed. Headquartered in Minneapolis, ECMC Group and its family of companies provide financial tools and services, nonprofit career education and funding for innovative programs to help students achieve their academic and professional goals. For more information, visit www.ecmcgroup.org.

About ECMC Foundation
ECMC Foundation is a Los Angeles-based, nationally focused foundation whose mission is to inspire and to facilitate improvements that affect educational outcomes—especially among underserved populations—through evidence-based innovation. It is one of several affiliates under the ECMC Group enterprise based in Minneapolis. ECMC Foundation makes investments in two focus areas: College Success and Career Readiness; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments, to invest in both nonprofit and for-profit ventures. Working with grantees, partners and peers, ECMC Foundation's vision is for all learners to unlock their fullest potential. Learn more about ECMC Foundation by visiting www.ecmcfoundation.org and ECMC Group by visiting www.ecmcgroup.org.

About ECMC
Educational Credit Management Corporation (ECMC) is a nonprofit corporation with a mission to help students succeed. Headquartered in Minneapolis, ECMC works to lower student loan default rates; sponsors college access and success initiatives, and financial education programs; and provides resources to support student loan borrowers to successfully repay their loans. To learn more about ECMC's initiatives, visit www.ecmc.org/students.


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