New Student Loan Rehab Portal from BillingTree Assists Agencies and Consumers

BillingTree, the leading provider of omni-channel, integrated payments solutions to the healthcare, ARM and financial services industries, recently announced the launch of the myPayrazr Portal SLR.

The new portal enables agencies to streamline student loan collection efforts by offering affordable automated payment plans to help students better manage loans and restore their access to future borrowing.

myPayrazr Portal SLR, a specialty edition of the myPayrazr Portal, addresses the growing issue of defaulted student loan debt. The portal enables agencies to establish reasonable, income-based repayment plans for qualified consumers in default on their student loans, and then accept monthly online payments 24/7 until the loan is rehabilitated.

“BillingTree is committed to the ARM Industry and our latest portal serves one of the largest sources of revenue for many agencies,” said Chad Probst, VP of Sales and Business Development at BillingTree.

“With myPayrazr Portal SLR, agencies will save on process management and staffing; while offering tangible and attractive advantages to consumers who’ve fallen behind on their student loans - including a streamlined and simplified facility to establish new terms plus a convenient online method to resume paying back their debt.”