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Student Loan Collections

Debt collectors work with universities, colleges and private lenders to collect student loans. For education loans backed by the federal government, the U.S. Department of Education has a clearly-defined collection program that uses private collection agencies. Recent changes in federal law will shift all previously federally backed loans to direct loans from the federal government, cutting private lenders out of the equation.

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New Report Outlines Policy Steps for Promoting Effective Student Loan Counseling

ROUND ROCK, Texas – Policy can and should do a better job of preparing students to responsibly navigate the federal student loan system. That is the central message of a new report from TG, in collaboration with the National Association of Student Financial Aid Administrators (NASFAA). Effective Counseling, Empowered Borrowers, the fifth and final installment […]

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Virtuoso Opens WOSB Status to PCA Scrutiny for ED Solicitation

Glendale, Colo. – Virtuoso Sourcing Group, LLC (VSG), a woman-owned small business (WOSB) based in Glendale, Colorado, has announced it will give access to company documents and records to certain firms interested in validating its assertion as a Federal WOSB prior proposing the firm as a subcontractor in a response to the U.S. Department of Education’s […]

software-training

BFrame Enhances Department of Education Student Loan Rehabilitation Software

DULUTH, GA — BFrame today announced enhanced software features to support new student loan rehabilitation program requirements dictated by the Federal Government and improve customer efficiency. The new fully-featured, all-inclusive rehab tracking, funding and built in tools help customers both manage and streamline their student loan recovery processes. New federal calculators built right into the […]

Opinion on Red Keyboard Button.

Senators Are Wrong to Urge ED Not to Allow Collectors to Use Autodialer

Last month Congress passed a budget deal that includes a provision to allow those collecting federal student loans to call consumer cell phones using an autodialer. In an article I wrote about it at the time, I noted that some were determined to get the provision rolled back. This week, several Senators sent a letter to the Department of Education (ED) urging the department not to allow “unsolicited robocalling by debt collectors.” This has been picked up in many newspapers – I think their argument does a disservice to students and taxpayers.

Student Aid

SDB/HUBZone Firm to Offer Training Services to PCAs

Buffalo, NY – Pulcher World Management, LLC (PWM), a small disadvantaged and Federal HUBZone certified small business located in Western New York, today announced it will offer training services to help Private Collection Agencies (PCAs) serving Federal clients to reduce the amount of core collection subcontracting those PCAs must do in order to adhere to subcontracting […]

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Disabled Veteran Corey Gabler Open for PCA Business Through Steel River Systems

Rock Falls, IL – Steel River Systems, LLC (SRS), a disabled veteran-owned small business (SDVOSB) based in a Federal HUBZone in Northwestern Illinois, is pleased to announce its formation and availability to assist Federal contractors in meeting task order subcontracting requirements.  This includes Private Collection Agencies (PCAs) serving the U.S. Department of Education (ED) as small […]