The U.S. Department of Education announced late Friday that it would “wind down” its relationship with five private collection agencies on its student loan debt collection contract that ED says were providing inaccurate information to borrowers regarding rehabilitations.
Due to the continuation of an ongoing procurement by the U.S. Department of Education (ED) for Private Collection Agencies (PCAs), Fed Cetera is pleased to announce it is holding a free teleseminar, Federal Subcontracting Opportunity Update, scheduled for Wednesday, March 11, 2014, at 12 noon EST.
Today, Coast Professional, Inc. (Coast) announced the promotion of Roxanne Baker to President of the organization and Board Member of the Board of Directors.
Account Control Technology, Inc. (ACT), a national leader in delivering debt management and recovery solutions, is pleased to announce its partnership with Student Account Management Services, LLC (SAMS 360), a premier student loan default aversion company serving colleges, universities and private lenders – as well as their borrowers. The partnership will enable ACT to offer its many education clients a comprehensive default prevention and cohort default rate management program.
The Department of Education will likely be delayed for several more months in announcing the winners of its debt collection contracts for larger companies. The procurement process in the Unrestricted category has been slowed by protests and amendments to the contract.
Account Control Technology, Inc. (ACT), a national leader in delivering debt management and recovery solutions, is pleased to announce that Michael Matkowsky has joined the company as Regional Account Executive.
In two separate actions Thursday, the CFPB and a group of U.S. Senators turned their attention to debt relief for students struggling to repay loans. The CFPB shut down two student “debt relief” scams while 13 Senators asked the Department of Education to forgive student loans held by companies that break the law.
Three Congressmen wrote a letter to the Department of Education this week urging careful scrutiny of a plan that would see 56 campuses previously owned by Corinthian Colleges, Inc. sold to ECMC Group, a student loan guarantor and parent company of a student loan debt collection agency. The letter cited debt collection tactics, among other things.
Account Control Technology, Inc. (ACT), a national leader in delivering debt recovery solutions, is pleased to announce that it has been recognized as the No. 1 private collection agency on the U.S. Department of Education unrestricted contract for the quarter ending September 30, 2014. The ranking was among the 17 large agencies currently on the unrestricted contract.
Deborah Brown and Alex Mobasher are proud to announce the launch of Pacific Point Services, a Service Disabled Veteran Owned Small Business (SDVOSB). The company will be headquartered in Carlsbad, CA offering specialty collection services specifically focused on the student loan market.