Founded in 1976 in Bellmore, New York and licensed in all 50 states, Allied is a premier collection agency with a long history of providing compliant collection services to higher education clients.
Higher Education Collection Experts: Allied offers more than 40 years of higher education collections experience serving many Colleges and Universities, including 3 of the 8 Ivy league schools.
In 2018, Allied was purchased by the industry-leading suburban Philadelphia collection company, Monarch Recovery Holdings, Inc. which also owns Monarch Recovery Management, Inc. (hereafter both companies are referred to as Monarch). This unification of companies gives our higher education partners the best of both worlds: unsurpassed higher education collections experience combined with the strength and resources of this established certified woman-owned business that is SOC I Type II (SSAE 18) and SOC 2 Type II audited. Our entire organization is an Equal Opportunity Employer.
Allied’s Student Loan Collection Department is dedicated to the recovery and resolution of student loan programs and tuition. Collectors assigned to College accounts are trained specifically to collect student loans and receivables. In addition to our extensive training program, they receive training specific to compliance with education regulations, disputes and individual client instructions, with emphasis on the protection of the college’s image.
Allied’s higher education team are experts in collecting every form of student receivable. There are two key factors that set us apart from other agencies when working with students. The first is our skilled team of collection counselors. We work with your students to not only underline the importance of fulfilling their financial obligation to the college, but to help the student find solutions to reduce their burden of debt. Secondly, Allied uses some of the most expansive skiptracing tools available today to locate students who are no longer located at the address on file. One of the challenges of higher education is that students may change locations, phone numbers and even their name following graduation as they advance to the next stage in life. This is yet another area in which Allied excels.
Our experience collecting student debt include:
- Tuition Payment Plans
- Tuition Balances
- Room and Board
- Fines, fees and other changes
We and recognize the importance of the reducing the cohort default rate for our clients. In response, Allied has implemented a Cohort Program to streamline the repayment process. When an account placed in collections is identified as a Perkins Loan in the client’s Cohort Default Rate, an alert is placed on the account upon input. Additional resources and sense of urgency is applied to help lower the default rate. Our expert team manages student loans that include, but are not limited to:
- Perkins Loans (NDSL)
- Health Professional Loans (HPSL)
- Nursing Loans (NSL)
- Institutional Loans
- Short Term Loans (Emergency Loans)