Harrison College partners with Loanlook, Inc. to provide loan transparency website to students
INDIANAPOLIS, Nov. 29, 2012 /PRNewswire/ -- Harrison College (www.harrison.edu), a higher education institution serving more than 5,000 students at 14 campuses in Indiana, Ohio, North Carolina and online, announced today the adoption of a website that empowers its students to better manage both their federal and private education loans. The website, www.loanlook.com, is provided by Loanlook, Inc., a subsidiary of Ceannate Corp.
Harrison is providing the Loanlook™ service at no cost to more than 5,000 enrolled students as well as recent grads and new enrollees. The self-service portal represents a proactive step towards creating total transparency in the student loan borrowing and repayment process.
"At Harrison College, we've implemented a Tuition Freeze program and even reduced tuition by 10% in certain programs in an effort to help minimize student debt," Robert Herzog, Harrison College Chief Financial Officer, said. "And now, with Loanlook, our students will have a one-stop shop for reviewing and managing their debt. We're open to doing everything we can as an educational institution to help prevent our students from defaulting on loans." At 14.1% for three year loans, Harrison College has one of the lowest default rates nationally among private sector colleges.
In addition to a refreshable dashboard that delivers up-to-date loan profiles, loanlook.com users have access to payment optimization, income-based repayment, and consolidation calculators. The site also offers a monthly budgeting tool and cloud storage for important documentation such as Master Promissory Note and lender/servicer correspondence. For borrowers requiring additional support, the site provides access to live loan counseling via online chat and toll-free number.
The Loanlook™ service is also available as a mobile app for both iOS (via Apple's App Store) and Android OS (via the Google Play market).
The adoption of Loanlook™ represents a logical escalation of the partnership between Harrison and Ceannate Corp. Harrison currently employs the services of The i3 Group, an affiliate to Loanlook, Inc. that specializes in student-borrower outreach for the purposes of delinquency prevention and default aversion.
Loanlook.com uses bank-level security to safeguard student information. The site actively monitors compliance with, and conducts annual security assessments against, all applicable information security standards including the: Federal Information Security Management Act (FISMA); National Institute of Standards and Technology SP 800-53 (NIST); Payment Card Industry Data Security Standards (PCI-DSS); Statement on Standards for Attestation Engagements No. 16 (SSAE 16); and the Family Educational Rights and Privacy Act (FERPA)
About Harrison College
Harrison College is a contemporary, career-focused institution of Higher Education serving more than 5,000 students throughout the United States and Internationally. Harrison College has 12 campuses in Indiana and Ohio, two culinary schools in Indiana and North Carolina, and also offers courses online at harrison.edu. The institution grants Associate's and Bachelor's degrees across five schools of study: Business, Health Sciences, Information Technology, Criminal Justice, and Veterinary Technology, as well as its culinary division, The Chef's Academy. Harrison College offers students a variety of learning environments including online, traditional classroom, or a combination of both. Harrison College is accredited by the Accrediting Council of Independent Colleges and Schools (ACICS) and is dedicated to excellence in higher learning. In addition, the College is currently a Candidate with The Higher Learning Commission and an affiliate of the North Central Association (HLC-NCA). Harrison College was founded in 1902 as Indiana Business College, and is celebrating its 110th anniversary of preparing students for their chosen professions.
Loanlook is used by college and college-bound students, borrowers in repayment, and parents with loan obligations to track, understand, and manage their federal and private/alternative education loans from pre-enrollment into repayment. Based in Rolling Meadows, Illinois, Loanlook, Inc. is a subsidiary of Ceannate Corp., a leading education finance organization employing over 500 employees with expertise that spans the entire student loan lifecycle. Loanlook, Inc. contracts with its affiliate, The i3 Group, LLC, to provide live borrower service to users. Learn more at ceannate.com.
Mark Apple, Director of Public Relations
Office: (317) 447-6112 Mobile: (317) 605-0937
SOURCE Harrison College