Free Report

Register to Download this Free Report and Learn:

• How factors such as substantial upfront capital requirements and a highly consolidated market may affect your participation

• Data Security and the Office of the Inspector General

• What recent legislative change in CCRA may impact the FFEL market

• Alternatives to FFEL Collections

The federal government has increased its use of private collection agencies (PCAs) to perform delinquent debt collection and rehabilitation. In addition to the Internal Revenue Service’s use of PCAs in the collection of unpaid taxes, the Department of Education (ED) has continued to expand its use of PCAs for debt collection and rehabilitation of its portfolio of defaulted student loans. Given that Ed’s portfolio of defaulted student loans stands at over $40 billion, the need for private collection agency cooperation in servicing these loans will continue to grow.

In addition to describing these points in detail, this whitepaper also summarizes the current legislation related to the Higher Education Act in the 110th Congress.

This Free Report is available for free to our Preferred members. Preferred membership is also free. If you're not already a member, clicking the link below will give you the opportunity to register before sending you to the download page. (More about our memberships...)