insideARM.com readers are growing increasingly nervous regarding the safety of the student loan debt collection market, according to two polls conducted over the past five months. Asking the exact same question at different times, respondents indicated that recent developments are driving the pessimism.
This week saw a flurry of activity in the Court of Federal Claims case against the Department of Education over its decision to end student loan debt collection contracts with five collection agencies. The end result is a consolidated case that pits four collection agencies — with two others supporting as amici — against the United States and five other collection agencies on the contract.
Mike Ginsberg, President and CEO of Kaulkin Ginsberg, will moderate a roundtable during insideARM.com and the iA Institute’s third annual Larger Market Participant Summit on Thursday, April 23, in Washington, D.C.
As expected, the fallout from the Department of Education’s decision to end its relationship with five student loan debt collection agencies has moved into the federal court and government adjudication system. Four of the five contractors have filed either formal protests or lawsuits in the U.S. Court of Federal Claims.
Late last year, we asked our readers their opinion on the viability of the student loan debt collection sector in light of certain developments. It’s now time to re-ask that question given recent developments.
At least two private debt collection agencies have filed notices with their states notifying officials that they will be forced to lay off employees in the wake of the U.S. Department of Education’s announced winding down of collection contracts with five of its vendors. Separately, President Obama today is unveiling a Student Aid Bill of Rights that may further impact the student loan collection market.
CEANNATE Corp., a BPO firm focused on the education sector, has established a Board of Advisors with expertise in higher education, policy development and finance. Former Secretary of Education Margaret Spellings will serve as its Chairperson.
As if the U.S. Department of Education’s private collection agency (PCA) contract procurement process hasn’t been outrageous enough already, Friday’s afterhours announcement that it has terminated its relationship with five of its most prominent debt collection agencies puts it completely over the top.
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.