Kentucky Higher Education Student Loan Corporation Issues RFP for Collection Services

Kentucky Higher Education Student Loan Corporation (KHESLC) today is issuing a Request for Proposal (RFP) for Collection Services.

Specifically, KHESLC is seeking assistance in the collection of private educational loans outside the Commonwealth of Kentucky. The organization is seeking a contingency-fee arrangement from the proposals. KHESLC notes that collections can be done by in-house staff of the Offerer, or by local counsel associated by the Offeror, and with whom the Offeror may have an arrangement to split contingency fees.

Services could also potentially include the prosecution of civil lawsuits against debtors for recovery of student loans as one means of collection theron.

Any Offeror must have demonstrated experience in the collection of student loans. While experience with private loan collections would be preferable, other student loan collection experience will be considered.

The deadline for proposals is 4:30 p.m. (ET), Friday, March 27, 2015. But any inquires regarding proposals must be received by KHESLC two weeks prior, 4:30 p.m. (ET), Friday, March 13, 2015. KHESLC said it would submit replies to inquiries by the following Wednesday.

View the full RFP.