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Educational Credit Management Corporation
Educational Credit Management Corporation (ECMC) is a United States nonprofit corporation based in Minnesota. Since 1994, ECMC has operated in the areas of student loan bankruptcy management and loan collection. ECMC is one of a number of ''guaranty agencies'' that oversee student loans for the United States Department of Education. As a guarantor working on behalf of the U.S. Department of Education, ECMC charges fees to debtors and earns commissions from taxpayers by collecting on defaulted student loans pursuant to the Higher Education Act. In return, the U.S. government has retrieved billions of dollars from student loan debtors. From 1994 to 2015, according to ECMC, they returned $4.3 billion to the U.S. Treasury. According to ECMC the company works to reduce student-loan default rates and provide resources to help students repay their loans, and promotes financial literacy and student success in higher education. It provides current and future borrowers with free services, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Student Loan
A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy. This article highlights the differences of the student loan system in several major countries. Australia Tertiary student places in Australia are usually funded through the HECS-HELP scheme. This funding is in the form of loans that are not normal debts. They are repaid over time via a supplementary tax, using a sliding scale based on taxable income. As a consequence, loan repayments are only made when the former student has income to support the repayments. Discounts are available for early repayment. The scheme is available to citi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wyotech
WyoTech, formerly known as Wyoming Technical Institute, is a for-profit, technical college founded in Laramie, Wyoming in 1966. WyoTech provides training programs that prepare students for careers as technicians in the automotive and diesel industry. In July 2018, WyoTech was purchased from Zenith Education Group by a team of Wyoming locals, including former WyoTech president, Jim Mathis. As of November 2018, the Laramie campus is the only location where classes are available. History Founding WyoTech was founded in 1966 as an automotive-themed school, offering programs in automotive repair. The first class in Laramie had 22 students, and its classes were housed in a 9,000 square foot building. Purchase and growth Corinthian Colleges purchased Wyo-tech Acquisition Corporation on July 1, 2002, for $84.4 million in cash, which was 9.5 times EBITDA. At that point, there were two WyoTech campuses: One in Laramie, Wyoming, and a facility being constructed in Blairsville, Pennsylvania ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Podesta
John David Podesta Jr. (born January 8, 1949) is an American political consultant who has served as Senior Advisor to President Joe Biden for clean energy innovation and implementation since September 2022. Podesta previously served as White House Chief of Staff to President Bill Clinton from 1998 to 2001 and Counselor to President Barack Obama from 2014 to 2015. Before that, he served in the Clinton Administration as White House Staff Secretary from 1993 to 1995 and White House Deputy Chief of Staff for Operations from 1997 to 1998. He is the former president, and now Chair and Counselor, of the Center for American Progress (CAP), a think tank in Washington, D.C., as well as a Visiting Professor of Law at the Georgetown University Law Center and was chairman of Hillary Clinton’s 2016 presidential campaign. Additionally, he was a co-chairman of the Obama-Biden Transition Project. In his current role as senior advisor to President Biden, Podesta oversees the disbursement of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tony Podesta
Anthony Thomas Podesta (born October 24, 1943) is an American lobbyist best known for founding the Podesta Group. The brother of former White House Chief of staff John Podesta, he was formerly one of Washington's most powerful lobbyists and fundraisers. Podesta and the Podesta Group were under federal investigation regarding compliance with the Foreign Agents Registration Act for their work for a Ukrainian group tied to the pro-Russian former Ukrainian President Viktor Yanukovych beginning in 2012. The investigation was closed in September 2019 without charges being brought. In 2021, Podesta was reportedly hired by Huawei as a lobbyist and consultant. Life and career Podesta was born in Chicago, where he was raised, with his Greek-American mother Mary, first-generation Italian American immigrant father John Sr., and his brother John Podesta Jr. His father was a factory worker. He studied political science both in college, at the University of Illinois at Chicago (UIC), and in gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Podesta Group
The Podesta Group was a lobbying and public affairs firm based in Washington, D.C. It was founded in 1988 by brothers John and Tony Podesta and has previously been known as Podesta Associates, podesta.com and PodestaMattoon. John Podesta left the firm in 1993, and Tony Podesta left the firm on October 30, 2017, after finding out about increased scrutiny of the firm. It has essentially ceased to exist since then. The firm reorganized in January 2007 after chairman Tony Podesta split with former business partner Dan Mattoon. Podesta Group, which represented American corporations as well as nonprofits and governments, was said in 2011 to have "close ties to the Democratic Party and the Obama administration", although its CEO, Kimberley Fritts, is identified in her Cogent Strategies bio as "a fixture in Republican politics". She resigned and established her own firm, Cogent Strategies, in November 2017. The firm reported earning US$27.4 million in lobbying fees in 2011. In 2007, Cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OpenSecrets
OpenSecrets is a nonprofit organization based in Washington, D.C., that tracks data on campaign finance and lobbying. It was created from a merger of the Center for Responsive Politics (CRP) and the National Institute on Money in Politics (NIMP). History The ''Center for Responsive Politics'' was founded in 1983 by retired U.S. Senators Frank Church of Idaho, of the Democratic Party, and Hugh Scott of Pennsylvania, of the Republican Party. It was officially incorporated on February 1, 1984. In the 1980s, Church and Scott launched a "money-in-politics" project, whose outcome consisted of large, printed books. Their first book, published in 1988, analyzed spending patterns in congressional elections from 1974 through 1986, including 1986 soft money contributions in five states. It was titled ''Spending in Congressional Elections: A Never-Ending Spiral.'' In 2021, the CRP announced its merger with the National Institute on Money in Politics. The combined organization is known as O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telemarketing
Telemarketing (sometimes known as inside sales, or telesales in the UK and Ireland) is a method of direct marketing in which a salesperson solicits prospective customers to buy products or services, either over the phone or through a subsequent face to face or web conferencing appointment scheduled during the call. Telemarketing can also include recorded sales pitches programmed to be played over the phone via automatic dialing. Telemarketing is defined as contacting, qualifying, and canvassing prospective customers using telecommunications devices such as telephone, fax, and internet. It does not include direct mail marketing. History The term ''telemarketing'' was first used extensively in the late 1970s to describe Bell System communications which related to new uses for the outbound WATS and inbound Toll-free services. Telephonists The rise of telemarketing can be traced back to the 19th century telephonists, or switchboard operators. Trans-cultural hiring of switchboar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associated Press
The Associated Press (AP) is an American non-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association. It produces news reports that are distributed to its members, U.S. newspapers and broadcasters. The AP has earned 56 Pulitzer Prizes, including 34 for photography, since the award was established in 1917. It is also known for publishing the widely used '' AP Stylebook''. By 2016, news collected by the AP was published and republished by more than 1,300 newspapers and broadcasters, English, Spanish, and Arabic. The AP operates 248 news bureaus in 99 countries. It also operates the AP Radio Network, which provides newscasts twice hourly for broadcast and satellite radio and television stations. Many newspapers and broadcasters outside the United States are AP subscribers, paying a fee to use AP material without being contributing members of the cooperative. As part of their cooperative agreement with the AP, most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zenith Education Group
Educational Credit Management Corporation (ECMC) is a United States nonprofit corporation based in Minnesota. Since 1994, ECMC has operated in the areas of student loan bankruptcy management and loan collection. ECMC is one of a number of ''guaranty agencies'' that oversee student loans for the United States Department of Education. As a guarantor working on behalf of the U.S. Department of Education, ECMC charges fees to debtors and earns commissions from taxpayers by collecting on defaulted student loans pursuant to the Higher Education Act. In return, the U.S. government has retrieved billions of dollars from student loan debtors. From 1994 to 2015, according to ECMC, they returned $4.3 billion to the U.S. Treasury. According to ECMC the company works to reduce student-loan default rates and provide resources to help students repay their loans, and promotes financial literacy and student success in higher education. It provides current and future borrowers with free services, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collection Agency
Debt collection is the process of pursuing payments of debts owed by individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. History Debt collection has been around as long as there has been debt and is older than the history of money itself, as it existed within earlier systems based on bartering. Debt collection goes back to the ancient civilizations, starting in Sumer in 3000 BC. In these civilizations if a debt was owed that could not be paid back, the debtor and the debtor's spouse, children or servants were forced into "debt slavery" until the creditor recouped losses via their physical labor. Under Babylonian Law, strict guidelines governed the repayment of debts, including several basic debtor protections. In some societies debts would be carried over into subsequent generat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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