Contract Collector v5: Loan Servicing Software
Student Loan Servicing Software:
Contract Collector supports a wide range of features for managing student and educational loans. The software is designed for public and private institutions, private and public funding, Sallie Mae student loans, etc. It can support deferred payment schedules and interest only payments.
Student Information: Track enrollment date, completion date, resident status, loan type, demographic and other important student information.- Payment Frequency: Weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semiannual & annual payments.
- Payment Application: Full control over how payments are applied. Apply extra payment amounts to future payments or to reducing principal. Accepts principal only payments as well. Disburse payment amount between various charges including: late fees, escrow charges, and principal/ interest.