Student Loan Servicing and Accounting Software


Application Tracking

·    Entry and tracking of loan applications.

·    Unlimited borrowers per application.

·    Unlimited number of loans per application.

·    Application check list monitoring.

·    Automated application import.

·    Automated link of application data to loan servicing.

 Support for Many Loan Types

·    FFELP and Non-FFELP Loans.

·    Subsidized & Unsubsidized Federal Stafford Loans.

·    Federal PLUS loans.

·    Federal Consolidation loans.

 Extensive Loan Information

·    User-defined loan templates that automatically pre-fill selected fields for new loans.

·    Extensive student information for borrowers including enrollment status, unlimited address information with the status of each, and major course study.

·    An automated work queue for the review and processing of mass demographic changes to student loan data.

·    Automated support for tracking the receipt and location of student loan documents.

·    Automated implementation of pending loan changes.

·    Internal and agent servicing capabilities, with real-time access to servicer history.

·    Loan classifications and statuses.

·    Support for a variety of interest calculation parameters which you can set up and modify for each loan.

 Flexible Loan Servicing Support

·    Support for multiple projection models.

·    User-defined projection parameters, including fee program changes.

·    Projected cashflow generation by model.

·    Projected cashflow reporting by model.

·    Cash and Non-Cash Payment Processing

·    Month end fee accruals by account and fee (asset) class.

·    Storage of account history by month.

·    Accruals reporting and reconciliation.

 Multi-Basis Loan Accounting

·    Support for internal and third-party disbursements.

·    Automated support for guarantor fee billing with easy, online access to guarantor fee billing history.

·    Real-time entry of cash, non-cash, and reversal financial transactions.

·    Cash and accruals processing.

·    Automatic reversal and application of subsequent transactions when a transaction with an early effective date is processed.

·    Transaction date and effective date processing on all transactions.

·    Real-time access to financial history stored at the loan and investor levels.

·    The automatic calculation of capitalized interest for a deferment loan.

·    The calculation and processing of amounts due from the Department of Education.

·    Month end snapshots of loan status information for historical reporting.

·    Daily accruals.

·    Automated support for the processing of guarantor claims.

·    Small balance write-offs.

·    Support for loan sales and transfers.

 Delinquent Loan Monitoring

·    Delinquency tracking and reporting.

·    Deferment and forebearance processing.

·    Support for grace period administration.

·    Workflow management and action queues processing.

·    Investor Tracking

·    Automated workflow management support, with user-defined action queues. Image and document management, with the ability to view images and documents.

·    Contact management for the people and organizations associated with your loan portfolio.

·    Extensive change audit control that tracks what changes were made, by whom, and when. Integrated ReportWriter™ for ad hoc reporting and data export, with links to Microsoft Word® and Excel®.

 Powerful Sub-Systems At No Additional Cost

·    Automated workflow management support, with user-defined action queues.

·    Image and document management, with the ability to view images and documents.

·    Contact management for the people and organizations associated with your loan portfolio.

·    Extensive change audit control that tracks what changes were made, by whom, and when.

·    Integrated ReportWriter™ for ad hoc reporting and data export, with links to Microsoft Word® and Excel®.

·    Integrated DataImporter™ for user-defined data imports, with support for multiple import formats.

Application Keywords

·   Educational Finance Software

·   Federal Consolidation Loans

·   Federal PLUS Loans

·   FFELP And Non-FFELP Loan Software

·   Student Loan Accounting Software

·   Student Loan Information

·   Student Loan Management Software

·   Student Loan Processing Software

·   Student Loan Servicing Software

·   Student Loan Software

·   Subsidized, Unsubsidized Federal Stafford Loans

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