INDIANAPOLIS, Jan. 2, 2015 (GLOBE NEWSWIRE) -- University Business magazine has selected USA Funds Borrower Connect™ as a Readers' Choice Top Product.
Now in use by 169 colleges and universities representing 721 campuses nationwide, USA Funds Borrower Connect has served more than 1 million student loan borrowers to date with a complete default prevention solution that includes:
- A patent-pending Web-based tool that automates borrower communication to promote successful loan repayment.
- Contact and counseling support to conduct outreach to student loan borrowers on behalf of the schools they attended.
- Predictive analytics to enhance the effectiveness of default prevention efforts by focusing on those borrowers for whom outreach can make a real difference.
"USA Funds Borrower Connect offers a data-driven, targeted approach to student loan default prevention, so colleges and universities get the best return on their investment in student loan repayment success services," said Craig P. Anderson, USA Funds senior vice president, Business Development. "With its robust reporting, USA Funds Borrower Connect also offers schools a high degree of transparency to track in real time how their default prevention efforts are moving the needle."
The annual University Business Readers' Choice Top Products awards recognize the products that make a positive difference on college campuses. The award program informs university leaders and administrators about the products their colleagues around the country are using to help their institutions excel.
Readers of University Business nominated a variety of products that have made a positive difference at colleges and universities during the past year. The editors of University Business selected the winning products from hundreds of nominations submitted by readers, based on the products that received the highest number of nominations and best descriptions from higher education leaders.
USA Funds® is a nonprofit corporation that supports Completion With a PurposeSM, building a more purposeful path for America's students to and through college and on to rewarding careers and successful lives. USA Funds pursues its nonprofit mission through philanthropic activities and partnerships, policy research, and programs and services that enhance preparation for, access to and success in higher education. Learn more at www.usafunds.org.