“ELM has always been the choice for schools that are looking to diversify their lender list given the extensive number of lenders and guarantors we have as members. With all of the regulatory and legislative changes that occurred in 2007, we became even more relevant to the school community with our open and lender neutral platform,“ said Jeffrey Connors, CEO and President of ELM Resources. “Moreover, we strive everyday to provide the highest level of support and service in order to maintain the 90%+ rating of Excellent/Very Good we receive from our schools. In 2008, we will continue our commitment to service quality to our schools as well as pursue selected opportunities to expand our product and service offerings for schools, lenders and borrowers.”

ELM Resources recently launched ELMSelect, its new Web based lender selection product for schools and students. The free resource provides schools with their own branded page to display their recommended lender list with loan benefit information while complying with the new federal regulations governing these types of lists. Borrowers are able to evaluate and select from their school’s lender list using a simple and intuitive interface. They can also start the loan process from the ELMSelect.com Web site.

About ELM Resources

ELM Resources began in 1994 and is the only not-for-profit mutual benefit corporation serving the student loan industry, including universities, colleges, lenders and guarantors. ELM provides a common, non-proprietary and open data exchange and disbursement system that seamlessly links the diverse computing platforms of schools, lenders and guarantors while providing real-time loan inquiry to borrowers. Over 2,100 campuses use ELM Resources to send and receive loan data from FFELP and alternative loans with the lender or guarantor of their choice. More information about ELM Resources is available at www.elmresources.com.