ELM Resources

ELM Resources began in 1994 and is the only not-for-profit, mutual benefit corporation serving universities, colleges, lenders and guarantors today.  ELM provides a common, non-proprietary, and open information exchange and disbursement system online that seamlessly connects the diverse computing platforms of schools, lenders and guarantors while providing real-time loan inquiry to borrowers.  ELM also offers a lender comparison solution for schools that allows them to have their own custom page to display their recommended lender lists and their students with the ability to compare and select the loan that best fits their needs.

ELM as a not-for-profit mutual benefit corporation

As a not-for-profit, mutual benefit corporation, ELM Resources is a member based company in which competing lenders, guarantors and servicers have agreed to cooperate in select areas of student lending to better serve schools.

ELM's history

Education Loan Management Resources (ELM) was established over 14 years ago by a group of FFELP loan providers who were looking for ways to improve loan processing for schools.  Back then, there were only proprietary loan delivery systems.  Every school had to process their loans based on the lender's system.  This was highly inefficient for schools since they had to deal with each loan record differently despite the fact that the information transmitted was standardized.

ELM was started to take advantage of technology to eliminate this inefficiency through the creation of a uniform data exchange network for loan processing.  Today, loan providers that are members of ELM compete on customer based criteria such as service and product offerings.  They are able to utilize ELM's open, lender-neutral and non-proprietary technology platform to exchange critical loan data with schools efficiently and cost effectively.  Schools in turn benefit from a free, centralized loan delivery platform that allows them to work with any lender, guarantor or servicer they choose.