Student Loan Agency ACSI Recertifies as a Small Business

NASHVILLE, Tenn. -- Automated Collection Services, Inc. (ACSI), based in Nashville, TN, today announced it has certified as a small business under North American Industry Classification code 561440, Debt Collection, on www.sam.gov.  This certification makes this longtime student loan collection agency qualified to be counted as a small business subcontractor on U.S. Department of Education (ED) Private Collection Agency (PCA) contracts and within bid submissions for ED’s NextGen Business Process Outsourcing solicitation now due on January 31, 2020.

This change is the result of the U.S. Small Business Administration’s recent rule (Federal Register 34261 Vol.  84, No. 138 published Thursday, July 18, 2019) adjusting the size standard upward for inflation in 95 service-based industries by 10%, from $15 million to $16.5 million.  The SBA requires most service companies to assert their size status by comparing the company’s average revenue over the last three fiscal years to the published threshold in a given industry.

ACSI has decades of experience in interacting with Federal student loan borrowers to answer questions and guide borrowers through all of the resolution options available for student loans today.  The company has successfully completed millions of business process transactions for leading guarantors over a period of decades, with a spotless compliance record.

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