bursar-l: Collection agency Rates

From: Brenda Wagner <Brenda.Wagner_at_mcckc.edu>
Date: Wed, 15 Apr 2009 11:11:22 -0500

At Metropolitan Community Colleges in Kansas City MO we use 2 agencies - One Agency charges 1st placement is 25% 2nd placement 30% Legal 50% --- 2nd agency charges 1st placement is 20% 2nd placement 25%. I have a higher rate of return from the 1st agency that charges a higher collection fee.

Thanks,

Brenda Wagner
MCC Payment Services Supervisor
3200 Broadway
Kansas City 64111
Phone: (816) 759-1545
Fax: (816) 759-1132
brenda.wagner_at_mcckc.edu

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Today's Topics:

   1. bursar-l: Collection Agency Rates (Lynch, Doris)
   2. Re: bursar-l: Collection Agency Rates (Lisa Tipton)
   3. Re: bursar-l: Collection Agency Rates (Lacey Harrison)
   4. Re: bursar-l: Collection Agency Rates (Daphne Sampite)
   5. Re: bursar-l: Collection Agency Rates (Sandi Barnes)

----------------------------------------------------------------------

Message: 1
Date: Tue, 14 Apr 2009 09:39:45 -0700
From: "Lynch, Doris" <dlynch_at_chapman.edu>
Subject: bursar-l: Collection Agency Rates
To: <bursar-l_at_list.mail.virginia.edu>
Message-ID:
        <14308220CCA3654CBC504707EE8C65090AEF7A51_at_ADAM.chapman.edu>
Content-Type: text/plain; charset="us-ascii"

Hi,

 

I am interested in knowing what commission your collection agencies
charge for 1st placement, 2nd placements, 3rd placements and legal
accounts for Institutional Loans and Tuition Accounts.

 

Thank you ~ Doris

 

Doris Lynch

Director of Student Business Services

Chapman University

One University Drive

Orange, CA 92866

Phone: 714-532-6061

Fax: 714-744-7995

 

P Please don't print this e-mail unless you really need to.

 

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Message: 2
Date: Tue, 14 Apr 2009 14:17:01 -0400
From: "Lisa Tipton" <ltipton_at_mountainstate.edu>
Subject: Re: bursar-l: Collection Agency Rates
To: <bursar-l_at_list.mail.virginia.edu>
Message-ID:
        <5F8D0D7B2BC3DF4E99908C96D469533193097A_at_ns2.mountainstate.edu>
Content-Type: text/plain; charset="us-ascii"

Currently we use two outside collection agencies and both charge 25%
commission for 1st placement, 33 1/3% for second placements and 40% for
accounts in litigation.

 

Lisa Tipton, Bursar

Mountain State University

P. O. Box 9003

Beckley, WV 25802

304-929-1515

304-929-1448 fax

 

 

From: bursar-l-bounces_at_list.mail.virginia.edu
[mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of Lynch,
Doris
Sent: Tuesday, April 14, 2009 12:40 PM
To: bursar-l_at_list.mail.virginia.edu
Subject: bursar-l: Collection Agency Rates

 

Hi,

 

I am interested in knowing what commission your collection agencies
charge for 1st placement, 2nd placements, 3rd placements and legal
accounts for Institutional Loans and Tuition Accounts.

 

Thank you ~ Doris

 

Doris Lynch

Director of Student Business Services

Chapman University

One University Drive

Orange, CA 92866

Phone: 714-532-6061

Fax: 714-744-7995

 

P Please don't print this e-mail unless you really need to.

 

No virus found in this incoming message.
Checked by AVG - www.avg.com
Version: 8.0.238 / Virus Database: 270.11.35/2034 - Release Date:
04/14/09 06:17:00

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Message: 3
Date: Tue, 14 Apr 2009 14:48:14 -0400
From: "Lacey Harrison" <lharrison_at_thomasu.edu>
Subject: Re: bursar-l: Collection Agency Rates
To: <bursar-l_at_list.mail.virginia.edu>
Message-ID:
        <312920EF4908534992271C218DAF276201995AC8_at_hermes_mail.thomasu.local>
Content-Type: text/plain; charset="us-ascii"

We have just begun to place accounts for the first time, and our rate is
25%.

 

--------------------------------------

Lacey Harrison

Bursar

Thomas University

www.thomasu.edu

 

From: bursar-l-bounces_at_list.mail.virginia.edu
[mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of Lisa
Tipton
Sent: Tuesday, April 14, 2009 2:17 PM
To: bursar-l_at_list.mail.virginia.edu
Subject: Re: bursar-l: Collection Agency Rates

 

Currently we use two outside collection agencies and both charge 25%
commission for 1st placement, 33 1/3% for second placements and 40% for
accounts in litigation.

 

Lisa Tipton, Bursar

Mountain State University

P. O. Box 9003

Beckley, WV 25802

304-929-1515

304-929-1448 fax

 

 

From: bursar-l-bounces_at_list.mail.virginia.edu
[mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of Lynch,
Doris
Sent: Tuesday, April 14, 2009 12:40 PM
To: bursar-l_at_list.mail.virginia.edu
Subject: bursar-l: Collection Agency Rates

 

Hi,

 

I am interested in knowing what commission your collection agencies
charge for 1st placement, 2nd placements, 3rd placements and legal
accounts for Institutional Loans and Tuition Accounts.

 

Thank you ~ Doris

 

Doris Lynch

Director of Student Business Services

Chapman University

One University Drive

Orange, CA 92866

Phone: 714-532-6061

Fax: 714-744-7995

 

P Please don't print this e-mail unless you really need to.

 

No virus found in this incoming message.
Checked by AVG - www.avg.com
Version: 8.0.238 / Virus Database: 270.11.35/2034 - Release Date:
04/14/09 06:17:00

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Message: 4
Date: Tue, 14 Apr 2009 14:19:44 -0500
From: "Daphne Sampite" <sampite_at_nsula.edu>
Subject: Re: bursar-l: Collection Agency Rates
To: "Lynch, Doris" <dlynch_at_chapman.edu>,
        <bursar-l_at_list.mail.virginia.edu>
Message-ID:
        <3D75456FA667CE48A81EB8779990317A04F93F90_at_exchbackend2.nsula.edu>
Content-Type: text/plain; charset="us-ascii"

Please see below in blue.

 

Daphne Sampite

Bursar

Northwestern State University

sampite_at_nsula.edu <mailto:sampite_at_nsula.edu>

Phone: (318) 357-5416

Fax: (318) 357-5864

________________________________

From: bursar-l-bounces_at_list.mail.virginia.edu
[mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of Lynch,
Doris
Sent: Tuesday, April 14, 2009 11:40 AM
To: bursar-l_at_list.mail.virginia.edu
Subject: bursar-l: Collection Agency Rates

 

Hi,

 

I am interested in knowing what commission your collection agencies
charge for 1st placement-20%, 2nd placements-21%, 3rd placements and
legal accounts-28% for Institutional Loans and Tuition Accounts.

 

Thank you ~ Doris

 

Doris Lynch

Director of Student Business Services

Chapman University

One University Drive

Orange, CA 92866

Phone: 714-532-6061

Fax: 714-744-7995

 

P Please don't print this e-mail unless you really need to.

 

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Message: 5
Date: Tue, 14 Apr 2009 15:21:13 -0400
From: "Sandi Barnes" <sabarnes_at_gwu.edu>
Subject: Re: bursar-l: Collection Agency Rates
To: "'Lynch, Doris'" <dlynch_at_chapman.edu>,
        <bursar-l_at_list.mail.virginia.edu>
Message-ID: <00f701c9bd36$2ceb6dc0$8eeea480_at_EVPCMPH1JCBD1>
Content-Type: text/plain; charset="us-ascii"

Hello,

George Washington University uses 4 collection agencies for tuition debt.
All of our agencies charge 25% make whole regardless of the type of
placement or age of the debt. One rate for all placements makes our life
easier when calculating their balances due.

 

Sandi Barnes

Associate Director

Student Account Collections

Colonial Central

800 21st Street, NW, Ground Floor

Washington, D.C. 20052

Phone: 202-994-9244

Fax: 202-994-0030

E-Mail: Sabarnes_at_gwu.edu

E-Mail: ccentral_at_gwu.edu

  _____

From: bursar-l-bounces_at_list.mail.virginia.edu
[mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of Lynch, Doris
Sent: Tuesday, April 14, 2009 12:40 PM
To: bursar-l_at_list.mail.virginia.edu
Subject: bursar-l: Collection Agency Rates

 

Hi,

 

I am interested in knowing what commission your collection agencies charge
for 1st placement, 2nd placements, 3rd placements and legal accounts for
Institutional Loans and Tuition Accounts.

 

Thank you ~ Doris

 

Doris Lynch

Director of Student Business Services

Chapman University

One University Drive

Orange, CA 92866

Phone: 714-532-6061

Fax: 714-744-7995

 

P Please don't print this e-mail unless you really need to.

 

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