July 2006  
 
 

In This Issue: (click on the links below to access each article)



Product Spotlight: On-line Exit Interviews
By listening to our clients and applying our Industry-Leading Technology, ECSI developed a state-of-the-art, On-line Exit Interview Solution to help you manage your Student Loan Portfolio more efficiently. ECSI’s On-line Exit Interview process is now 3 years old and has proven to be an economical and practical way for your staff and borrowers to complete this important step in the Due Diligence Process. For more information on how this solution can work for you, please contact Daniel Trimbur via e-mail at sales@ecsi.net.


New Military Deferment Entitlement
Per the Department of Education, every school is required to notify each student/borrower that they are entitled to the following Military Deferment for the Perkins Loan Program:

"Effective July 1, 2001, for a period not to exceed three years during which I am serving on active duty during a war or other military operation or national emergency, or performing qualifying National Guard duty during a war or other military operation or national emergency."

ECSI decided to notify each of your students/borrowers one of two ways:

  1. e-mail notification
  2. postcard notification (only to those without e-mail addresses)

ECSI also created a memo for each borrower stating the method of notification and when it was created/sent.

Since this entitlement has a retro beginning date of July 1, 2001, we will need to "split" certain Perkins loans. We have decided to make a modification to the deferment module and will ONLY split a Perkins loan if a borrower has disbursement dates before July 1, 2001. This will save each of you a great deal of money. Our process will be to analyze each Perkins loan at the time we/you are attempting to add a Military Deferment. If the loan needs to be split (because of disbursement dates prior to July 1, 2001), we will do this at the time of the deferment processing. A memo will also be created stating that the split has occurred.

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Latest ECSI News

After the success of this year’s Annual User’s Conference, we have already scheduled our 2007 ECSI User’s Conference. Next year’s Conference will be held June 4-6, 2007 at the Sheraton Station Square in Pittsburgh, PA. We hope you will all set aside these dates and plan to attend.

This year, we welcomed our first K-12 school to the ECSI family, Winchester Thurston. They are a private school located here in Pittsburgh and are a new Tuition Payment Plan (TPP) client. Winchester Thurston is paving the way for more K-12 clients as our business continues to grow in this new market.

Just a reminder, ECSI has a new fax number. The new number is 866-291-5384. Through a company called My Fax, all incoming faxes are now converted to PDF files and received via email. The new fax process automatically forwards faxes from the old 412-494-5626 number. Please be sure to update this important contact information.

ECSI would like to send out a welcome to all of our new clients who recently converted to ECSI at the start of this fiscal year. These clients include: The University of Oklahoma, George Fox University, Kentucky Christian University, Charleston Southern University, The University of Tennessee-Chattanooga, and The California State System. We welcome you all to the ECSI family, and we look forward to working with each of you!