Account Control Technology, Inc. Partners with Student Account Management Services, LLC

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Partnership Addresses Student Loan Default Aversion and Cohort Default Rate Management

ACT offers accounts receivable and collection solutions to clients in education and other markets.

Through the delivery of communications and reminders directly to borrowers, SAMS 360 can effectively help our clients reduce the number of former students defaulting on education loans.

Account Control Technology, Inc. (ACT), a national leader in delivering debt management and recovery solutions, is pleased to announce its partnership with Student Account Management Services, LLC (SAMS 360), a premier student loan default aversion company serving colleges, universities and private lenders – as well as their borrowers. The partnership will enable ACT to offer its many education clients a comprehensive default prevention and cohort default rate management program.

“Through the delivery of communications and reminders directly to borrowers, SAMS 360 can effectively help our clients reduce the number of former students defaulting on education loans,” states Lynn Heineman, Senior Vice President of Sales and Marketing at ACT. “Further, SAMS 360’s work will help clients comply with federal regulations for maintaining low cohort default rates as well as meet ‘enhanced financial counseling’ requirements.”

SAMS 360 helps student borrowers understand the loan repayment process through the use of an interactive website, a sophisticated analytics platform, targeted social and electronic media, and live counseling by knowledgeable agents. In partnership with financial aid departments and lenders, the proactive SAMS 360 approach aims to contact and educate borrowers before they fall into default. The comprehensive program includes predictive analytics to identify at-risk borrowers, grace period outreach, default aversion outreach and delinquency outreach – all supported by skip tracing to stay in contact with borrowers and robust reporting to keep clients apprised of ongoing progress.

“The ACT and SAMS 360 partnership will greatly enhance service offerings for education clients,” said Paul Farinacci, President and CEO of SAMS 360. “ACT has an outstanding reputation in helping education clients resolve defaulted accounts, and SAMS 360 is happy to provide our services earlier in the student loan lifecycle to keep accounts from going into default in the first place.”

About SAMS 360
Student Account Management Services, LLC (SAMS 360) is a leading student loan default aversion company serving college financial aid departments and private lenders throughout the US and Canada. The company succeeds by offering a full circle of services including data insights and predictive modeling, skip tracing, grace period outreach, and default aversion – all supported by robust client reporting. On behalf of clients, SAMS 360 works directly with students to provide guidance, financial education and mentorship. For more information, please contact Brenda Meli, CMO, at bmeli(at)SAMSforStudents(dot)com or 717-657-2963, or visit http://www.SAMS360.com

About ACT
Account Control Technology, Inc. is a leader in providing consultative debt management, collection, call center and business office solutions for education, government, commercial and consumer entities. Established in 1990, ACT has been recognized as an Inc. 5000 fastest-growing private company for the past eight years running. The company serves clients nationwide from five office locations: Bakersfield, California; Woodland Hills, California; Mason, Ohio; Dallas, Texas; and San Angelo, Texas. For more information, call 800-394-4228, email info(at)accountcontrol(dot)com or visit http://www.accountcontrol.com.

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Mark Boeder
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