Background
K.E. Ridgway & Associates was established in 1970. Then, as now, the intention was to provide a professional, qualified and proficient collection and administrative service for colleges and university accounts, including Perkins Loan, Nursing Student Loan, Institutional Loan Programs, Tuition Receivables and Institutional Accounts.
K.E. Ridgway & Associates has a carefully chosen professional staff that, between them, has 71 years of aggregate experience, covering Financial Aid Administration, Student Loan Collections, Default Prevention and more. The staff of K.E. Ridgway & Associates has previously served as Financial Aid Directors, Supervisors and Student Financial Services Administrators of Title IV Programs and Stafford Default Prevention Coordinators. Specialized experience that works for you.
Default Rate
K.E. Ridgway & Associates begin immediate contact with student borrowers who are 60 days past due, a process and time frame that has proved to be highly efficient in controlling COHORT Default Rate at the school.
Plus Factors
The K.E. Ridgway & Associates Letter/Phone Student Contact Service is developed and designed for past due tuition and institutional accounts. And while K.E. Ridgway & Associates works in all the varied administrative areas for it's clients, it still functions as a regular collection agency.
Nine Extras
In addition to the collection duties that the K.E. Ridgway & Associates team performs a total of nine Due Dilligence procedures:
Conducting complete address searches
Contacting borrowers by letter/phone at 60 days past due
File opposition to Chapter VII Bankruptcy discharge
Refer your accounts for litigation
Prepare and mail the two California Franchise Tax 8 Board warning letters
Monitor payments from the Franchise Tax Board
- Process and post to your billing service, 28 categories of postponements, cancellations, and deferments
Complete the assignment of uncollectible loans to the Department of Education
Process and monitor Chapter XIII Bankruptcy plans.