eCollections.Edu
Collect past due balances FAST!
Major university, small school, and collection agencies focused on student debt all need an easy way to track student loans, call and document accounts, and set up standard, and not-so-standard payment plans.
eCollections.Edu brings the ideal suite of collection software tools to manage student loans and increase collection performance.
The student loan rehab program is a key element of eCollections.Edu which allows collection agents and students to work together to recover delinquent or defaulted student loans out of delinquency into repayment. The rehab functions conform precisely to the Department of Education Defaulted Loan Rehabilitation Program.
An unlimited number of payment plan types and resolutions may be created by authorized users - no IT degree required. Agents are empowered with a "plug and play" calculator to quickly simulate difference scenarios, propose payment plans, and account settlement options.
Electronic payment integration makes it easy to capture
payment deferrals, approved changes in payment plan schedules, and forbearance.
Rehabilitation is a federally mandated program that gives federal student loan borrowers a way to bring their loans out of default. Rehabilitation can reverse the many negative consequences of defaulting on a student loan, and participation is one of the rights granted to a federal education loan borrower.
Collecting student loans has never been more simple or flexible