Financial Management Systems (FMS), a longtime U.S. Department of Education’s Federal Student Aid (FSA) contractor, announced the release of www.MyEdDebt.io, an innovative website that provides self-service options to defaulted student loan borrowers.
A game-changer in the world of defaulted student loans, www.MyEdDebt.io will help borrowers with outstanding loan obligations make well-informed decisions on their repayment options via amortization calculators and a payment engine. Initially, access to the site will be limited to those borrowers being serviced by FMS under its contract with FSA. The goal is to de-mystify the debt collection experience, provide complete transparency, and enhance the borrower experience through yet another communication channel.
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