SYSTEM AND METHOD FOR MANAGING EDUCATIONAL INSTITUTION BORROWER DEBT

摘要

A system is disclosed that makes it easy for educational institutions to contact and counsel student loan borrowers to promote successful loan repayment. The system is a web-based tool that automates borrower communication through telephone, letter and email campaigns, using loan information that is obtained through third-party loan servicers by the educational institution and then uploaded into the system. The self-service default prevention tool aggregates loan data form multiple sources in one place to perform borrower outreach, offers targeted communication campaigns to address borrowers in repayment, displays real-time estimated default rate trends, and provides on-demand reports. A dashboard is generated that provides a snapshot of the educational institution's entire portfolio, projected cohort default rates, trending analysis charts, important messages and a history of file imports.

主权项

1. A system, comprising:
at least one server in communication with a remote terminal via an Internet based communication network, wherein said remote terminal is associated with an educational institution; a data import application associated with said server configured to allow an external user to import one or more borrower loan data files obtained by said educational institution from one or more third party loan servicers to said server; a data processing application associated with said server configured to aggregate a plurality of loan records contained in each of said one or more borrower loan data files into an aggregated loan database record associated with said educational institution; an organization dashboard application associated with said server configured to generate an organization dashboard page on said remote terminal, wherein said organization dashboard page provides said educational institution with a display of one or more trending analysis charts generated as a function of data contained in said aggregate loan database record, a display of messages, and a display of a history of file imports; a configure campaigns application associated with said server configured to allow said user to configure one or more letter campaigns, one or more phone campaigns, and one or more email campaigns; a generate campaigns application associated with said server configured to allow said external user to generate said one or more letter campaigns, said one or more phone campaigns, or said one or more email campaigns; a campaign history application associated with said server configured to generate a campaign history page on said remote terminal that allows said external user to view real-time data associated with campaigns that have been implemented by said generate campaigns application; and a find my borrowers application associated with said server configured to allow said external user to locate borrowers contained in said aggregated loan database record.