One of our first customers was Michigan State University. MSU uses CollectPlus to collect delinquent student debts. Our software can help your organization collect on student loans or any other debt such as library, cafeteria, and student housing. CollectPlus generates statements and lets you collect the debts internally or refer them to a third-party collection agency.
In addition, CollectPlus can originate and track new student loans, or refinance them. Our software is used by loan originators, and tracks the interest and principal balances.
We are confident CollectPlus will improve your student loan collection rates. Please review our features specifically designed for educational debt collection by clicking here. Even if you don’t see a particular feature listed, chances are we already have it in our software. To find out more please contact us for a personalized online demonstration of our student loan collection software.