“Newgen’s student loan management system has made our loan process faster and more efficient. We’ve seen a 90% reduction in processing time and a 75% decrease in manual workload.”
– Loan Operations Head, Leading U.S. Bank
“Newgen’s student loan management system has made our loan process faster and more efficient. We’ve seen a 90% reduction in processing time and a 75% decrease in manual workload.”
– Loan Operations Head, Leading U.S. Bank
End-to-end Digital Processing
Automates the entire loan lifecycle, from application submission to disbursement, reducing paperwork and processing time.
AI-powered Credit and Eligibility Assessment
Uses artificial intelligence to assess borrower creditworthiness, co-signer eligibility, and repayment capacity for smarter lending decisions.
Seamless Integration with Educational Institutions
Connects with universities, colleges, and financial aid offices to verify enrollment, tuition costs, and student details in real-time.
Automated Document Collection and Verification
Digitally gathers and validates required documents, such as proof of enrollment, income statements, and ID verification.
Self-service Borrower Portal
Enables students and co-signers to apply, upload documents, check loan status, and receive notifications, ensuring a seamless experience.
Flexible Loan Structuring
Supports customized repayment plans, grace periods, and deferment options tailored to students’ financial situations.
Regulatory Compliance and Audit Trails
Ensures adherence to education loan regulations, such as FAFSA guidelines and local compliance requirements, through automated checks.
Automated Disbursement to Institutions
Directly disburses approved funds to educational institutions, reducing delays and ensuring proper fund allocation.
See Newgen’s low-code digital transformation platform in action. Request a demo of Newgen’s platform and industry-specific applications.
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