Controlling Tuition Discounting By Leveraging Private Loans
Micharl O’Grady Overture Technologies There has been much discussion over the last two years about financial aid offices maintaining a ?preferred lender list? for their students and families. Back in the 1980?s when many colleges and universities did not recommend specific lenders, schools would get student loan checks from credit unions, community banks and some large regional lenders. The processes were painfully slow and the cash flow was spread out over months. With the advent of better technology and sweeping standardization, schools in the mid 1980?s could start transmitting student loan data electronically and receive the funds through electronic fund […]
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