ERIC Number: ED257345
Record Type: Non-Journal
Publication Date: 1985
Reference Count: N/A
Student Loan Collection Procedures. Revised Edition.
McAlvey, Warren C.; Price, Anne J.
Guidelines for loan collection staff who award/service college student loans are presented. Attention is directed to sound collection procedures, three specific loan programs, suing a defaulted borrower, the Family Educational Rights and Privacy Act and the use of credit bureaus, and student loan borrower bankruptcy. Loan collection procedures for all types of loans, including institutional loans, are covered with attention to making the loan, servicing accounts before repayment, the in-school period, the exit interview, the billing process, interrupting the billing process, and the collection process. Procedures for the National Direct Student Loan (NDSL) program (a continuation of the National Defense Student Loan Program), the Health Professions Student Loan program, and the Nursing Student Loan program are discussed in detail. Additional topics include: types of legal action with defaulted borrowers, steps in suing a borrower, settling a suit out of court, disclosure of information, functions of a credit bureau, and chapter 7 and chapter 13 bankruptcies. Appendices include 83 exhibits consisting of sample letters, forms, and other documents that illustrate the text. Included are government forms, which may change over time, and a glossary. (SW)
Descriptors: College Students, Court Litigation, Credit (Finance), Debt (Financial), Federal Aid, Financial Services, Health Occupations, Higher Education, Legal Responsibility, Loan Repayment, Nursing Education, Student Loan Programs, Student Responsibility
National Association of College and University Business Officers, One Dupont Circle, Suite 500, Washington, DC 20036-1178 ($30.00).
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: National Association of College and University Business Officers, Washington, DC.
Identifiers - Laws, Policies, & Programs: National Direct Student Loan Program