BILLING-1305 - USA (San Antonio, Texas) - Student Loan Billing Services - Deadline April 30,2021

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: BILLING-1305

Government Authority located in San Antonio, Texas; USA based organization looking for expert vendor for student loan billing services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

(1) Vendor needs to provide student loan billing services for conversion, billing, accounting, and due diligence support for its federal loans, nursing loans, health professions loans, loans for disadvantages students, as well as short and long-term university loans to the government authority located in San Antonio, TX.
- These services enable the university to administer the programs responsibly and helps to maintain consistent collection of the outstanding accounts
- Provide an online, real time system that allows the university access to perform most transactions, such as updating capabilities and tracking inquiries
- Automatically prorate borrower payments across multiple programs and loan types
- Ability to apply payments to collection costs and late charges before applying payments to the
principal and interest
- Provide university with the option to assess collection costs, late charges, or penalty charges automatically or manually
- System should have the ability to identify loans placed with collection agencies or internal collectors
- Maintain, for all accounts, a ledger record that reflects the original balance assigned, additional
charges, collections, commissions, court costs and attorney fees
- System shall have the ability to allow for automatic processing of backdated data without any
necessity for manual review or calculations to determine which data elements would need to be changed by backdated processing
- System must accrue interest on a daily basis to maximize the return of funds to the loan program
(2) All question must be submitted no later than April 16, 2021.

[C] Eligibility:

Onshore (USA organization Only)

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office premises.

Expiry Date : Friday, 30 April, 2021

Question Answer Deadline : Friday, 16 April, 2021

Category : Billing Services

Country : USA

State : Texas

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