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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] |
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 ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wyotech
WyoTech, Wyoming Technical Institute, is a private for-profit technical college in Laramie, Wyoming, United States. It was founded in 1966. WyoTech provides 3 core programs and 6 specialty programs which 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 c ... [...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, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . 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. However, the existence of such a ritual is doubted. 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 "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Podesta
John David Podesta Jr. (born January 8, 1949) is an American political consultant who served as Senior Advisor to the President for International Climate Policy from 2024 to 2025, having previously served as the Senior Advisor to the President for Clean Energy Innovation and Implementation from 2022 to 2024. 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. Podesta 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 transition te ... [...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 ... [...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, C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OpenSecrets
OpenSecrets is a nonprofit organization based in Washington, D.C., that tracks and publishes data on campaign finance and lobbying, including a revolving door database which documents the individuals who have worked in both the public sector and lobbying firms and may have conflicts of interest. It was created from the 2021 merger of the Center for Responsive Politics (CRP) and the National Institute on Money in Politics (NIMP), both of which were organizations that tracked data on campaign finance in the United States and advocated for stricter regulation and disclosure of political donations. Examples of investigations conducted by the organization include uncovering that Carolina Rising, a 501(c)(4) social welfare organization spent $4.7 million in 2014 on political ads in support of Thom Tillis, Senate candidate from North Carolina, and that the Donald Trump 2020 presidential campaign was financially related to the rally that preceded the January 6 United States Capitol ... [...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, subscriptions 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. Categories The two major categories of telemarketing are business-to-business and business-to-consumer. Subcategories * Lead generation, the gathering of information and contacts. * Sales, using persuasion to sell a product or service. * Outbound, proactive marketing in which prospective and preexisting customers are contacted directly, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associated Press
The Associated Press (AP) is an American not-for-profit organization, not-for-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association, and produces news reports that are distributed to its members, major U.S. daily newspapers and radio and television broadcasters. Since the award was established in 1917, the AP has earned 59 Pulitzer Prizes, including 36 for photography. The AP is also known for its widely used ''AP Stylebook'', its AP polls tracking National Collegiate Athletic Association, NCAA sports, sponsoring the National Football League's annual awards, and its election polls and results during Elections in the United States, US elections. By 2016, news collected by the AP was published and republished by more than 1,300 newspapers and broadcasters. The AP operates 235 news bureaus in 94 countries, and publishes in English, Spanish, and Arabic. It also operates the AP Radio Network, which provides twice ... [...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 or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be 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. Historically, debtors could face debt slavery, debtor's prison, or coercive collection methods. In the 21st century in many countries, legislation regulates debt collectors, and limits harassment and practices deemed unfair. Background Invoices are issued with terms of payment. These terms vary widely from 'cash terms', , to many forms of ' credit terms' (for example ''30 days from date of invoice''). Unpaid invoices are considered outstanding, and those which remain unpaid for periods longer than their 'terms' indicate are considered overdue. It is the aim of the cash collection func ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
