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"How to Recoup Millions in Past-Due Accounts"

This report outlines five strategies that can help you recoup millions in past-due tuition and fees while effectively supporting your students.

Most higher education institutions are managing more than $1 million in past-due accounts for tuition and fees, pushing them into a debt crisis that threatens their financial stability. But what if there was a way for universities to recoup these unpaid accounts and stabilize their financial situation — while helping delinquent students?

To understand the breadth of the problem, ECSI and Higher Ed Dive surveyed more than 150 higher education leaders about accounts receivables at their institutions. The survey findings highlight five of the most effective strategies for recouping past-due accounts, including:

• Offering financial education as a student service
• Focusing on preventative measures to address delinquency before it becomes an obstacle to enrollment
• Understanding the rules and regulations around debt collection

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