MALVERN, Pa., March 28, 2019 /PRNewswire-PRWeb/ -- Entech (http://www.entech.com), today announced it has partnered with the Pennsylvania Higher Education Assistance Agency (PHEAA) to provide end-to-end loan origination and customer support for PHEAA's low-cost PA Forward Student Loan Program. PHEAA plans to begin accepting applications in April 2019.
PHEAA, one the nation's leading student aid organizations, will offer a borrower-friendly suite of low-cost undergraduate, graduate, and parent loans to assist Pennsylvania students with their higher education costs not covered by grants, scholarships, federal loans, or other aid. An affordable PA Forward refinance loan will also be available, allowing borrowers in repayment to combine their federal and private student loans into a single loan, making repayment more manageable.
Entech will provide a complete loan origination solution using its advanced AppWorks loan origination platform. Customer services will be delivered through Entech's digital, state-off-the-art loan operations and call center staffed by a highly experienced team of student loan specialists.
"PA Forward is central to our public service mission for the Commonwealth," said Jim Steeley, PHEAA President & CEO. "It is critical to the success of the program to partner with an originator that has the experience and technology to help us provide the most accurate and worry--free application experience for Pennsylvania borrowers. Entech and its scalable platform deliver on these requirements".
PHEAA will be the lender and loan servicer of the new program, with tax-exempt financing provided by the Pennsylvania Department of Community and Economic Development (DCED).
Entech's solution includes a customized, PHEAA branded loan application, in addition to complete loan operations, underwriting, and customer support. The AppWorks platform provides automated document management, loan disbursement, reporting, and loan analytics tailored specifically to meet PHEAAs needs. Entech's operations center personnel are student loan experts who are extremely knowledgeable regarding the complexities of student lending and will provide the high quality, supportive customer care PHEAA's customers deserve.
"PHEAA recognizes that they need to cross digital boundaries and deliver the speed, convenience, and mobility that today's born-digital student loan consumers expect. We are proud to be their partner." said Jeff Milne, CEO of Entech.
For additional information about Entech loan solutions, visit entech.com or call us on 610-563-6329.
PA Forward loan applications are expected to be available in April 2019. To learn more about the program please visit PHEAA.org/PA-Forward
Entech provides next generation loan origination platforms and processing services. Our innovative technologies and complete end-to-end loan origination services help clients acquire customers, connect their enterprise, and increase their loan portfolios. Entech is headquartered in Malvern, PA with offices in San Dimas, CA and London, United Kingdom.
Created in1963 by the Pennsylvania General Assembly, the Pennsylvania Higher Education Assistance Agency (PHEAA) has evolved into one of the nation's leading student aid organizations. Today, PHEAA is a national provider of student financial aid services, serving millions of students and thousands of schools through its loan guaranty, loan servicing, financial aid processing, outreach and other student aid programs. PHEAA's earnings are used to support its public service mission, including the administration of the PA State Grant and other student aid programs. PHEAA has also contributed more than $1 billion in direct supplemental funding for student aid programs to further support families without any taxpayer resources. PHEAA continues to devote its energy resources and imagination to developing innovation ways to ease the financial burden of higher education for students, families, schools and taxpayers.
Entech, +1 610-563-6329, [email protected]