One of the most critical factors for institutions of higher education is the management of the number of defaults that their students have on their financial aid loans. While a default is negative for loan providers, it does not have the same impact as it does on schools.
If the school’s default rate is excessive over a period of time, they can lose their eligibility to offer student loans altogether.
In recognition of this challenge, PTI has created an innovative solution for schools to actively participate in the default management of the students and their loans.
Availability
The priorityDPS is available now, with new and exciting features preparing for release later in 2006!
PTI’s Online Default Prevention System (priorityDPS) is a powerful, but easy to use system. It is primarily used by schools to track the status of their students’ loans, and communicate with them on helping to find resolution to repayment challenges. Some of the high-level features include:
• On-demand correspondence via letter or email
• Review of claim and default aversion information for each student
• Update demographic information to help guarantors in the skip-tracing process
• Log comments and histories to help guarantors in the collection process
• Borrower self-service account information and debt management counseling and activities

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