ECSI, a subsidiary of Global Payments, offers comprehensive account management solutions tailored for higher education institutions. Specializing in billing services for student loans and tuition accounts, ECSI streamlines financial processes for colleges and universities, enhancing operational efficiency and student satisfaction.
Key Features and Functionality:
- Student Loan Servicing: Efficient management of federal and private student loans, ensuring compliance and timely communication with borrowers.
- Tuition Payment Plans: Flexible payment options that allow students to pay tuition and fees in manageable installments, reducing financial strain and improving on-time payments.
- Past-Due Accounts Management: Automated solutions for handling overdue balances, including personalized outreach to students, which helps in retaining enrollment and increasing revenue.
- Call Center Support: Dedicated customer service to assist students and families with inquiries related to billing, payments, and loan servicing.
- Tax Document Services: Provision of necessary tax documents, such as 1098-T forms, to students, ensuring compliance with federal regulations.
Primary Value and Solutions Provided:
ECSI addresses the complex financial management needs of higher education institutions by offering integrated solutions that simplify billing, payment processing, and loan servicing. By automating and personalizing outreach for past-due accounts, ECSI helps institutions retain more students, increase revenue, and reduce internal workloads. Their services ensure compliance with federal regulations, enhance the student experience through flexible payment options, and provide robust support systems, ultimately contributing to the financial health and operational efficiency of educational institutions.