ORLANDO, Fla., July 19, 2016 /PRNewswire/ -- Today the Financial Counseling Association of America (FCAA) named eFiscal Networks as its preferred provider of federal student debt analysis software. eFiscal Networks' comprehensive platform, Student Debt Solutions, uses an advanced logic engine to help student loan counselors quickly identify all of a client's qualified student loan solutions.
"The FCAA is excited to partner with eFiscal Networks to bring Student Debt Solutions to Americans who need help identifying their student loan options," said Kevin Weeks, president of the FCAA. "This easy-to-use, powerful tool pairs well with holistic counseling from FCAA member agencies to provide the one-two punch that consumers need to knock out their federal student loan debt."
FCAA selected the Student Debt Solutions platform due to its agility, versatility and accuracy. Student Debt Solutions functions across a broad spectrum of client engagement levels, providing options ranging from self-service to fully-guided counseling and implementation.
"Student Debt Solutions is a huge step forward in online analytics tools for the financial services industry," said Todd Meyers, chief technology officer for eFiscal Networks. "Complex analytical scenarios like the federal student loan environment are a great opportunity for machine learning to step in and simplify the process to create a better customer experience."
The platform provides a complete analysis of a consumer's federal student loan debt that identifies all of a client's options, including all available payment plans, discharge opportunities, rehabilitation options and more.
"Our member agencies need tools like this that enable them to focus on what they do best: helping families and individuals in need. Student Debt Solutions is a great addition to our consumer website, studentloancounselors.org, and we think that our agencies will be very pleased with the FCAA member pricing as well."