College changes loan management software
Aaron Hummel
Issue date: 2/21/08 Section: News
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Beginning March 1, the college will replace the coupon books currently used for loan collections with monthly bills to be delivered by mail, Moeggenberg said. Every bill will provide payees with detailed information on the status of their loans, information currently available only by calling the financial aid office.
"The good thing about this is it's going to give up-to-date information with every bill that's sent out," Moeggenberg said. "We're going to make the students more informed."
Responsibility for receiving payments will shift from the financial aid office to the business office, although payments will still be made by phone or by mail, Moeggenberg said.
Software automatically updates when a payment is entered and bills reflect the automatic updates.
"I think it will be a good system for the students, and that's why we're doing it," Business Office Director Kathy Caldwell said. "It will make it easier for us to apply college payments with more accuracy than we were able to in the past."
Caldwell said she hopes to have an online payment option available next year.
Campus Loan Manager, the new Web-based software system by SunGard Higher Education, will integrate with Datatel's Colleague, a modular software package that supports most of the college's recordkeeping needs, Moeggenberg said.
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