Education Loan Servicing Software for Lenders
From enrollment to graduation and into repayment, configure deferred periods, manage parent co-signers, and more from one cloud platform.
From enrollment to graduation and into repayment, configure deferred periods, manage parent co-signers, and more from one cloud platform.
Rated 4.5 on Capterra. Configure deferred periods, co-signer tracking, and 1098-E reporting ready from day one.
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Configure interest-only or fully deferred repayment periods while a student is enrolled. When graduation triggers repayment, Bryt recalculates the amortization schedule automatically.
Draws module to release loan funds in semester-based disbursements. Interest accrues on the full committed loan amount while funds are drawn against enrollment milestones.
Assign the student borrower and parent co-signer as separate contacts on the same loan. Each maintains its own communication history, document access, and payment records.
Generate batched 1098-E student loan interest reports at year-end directly from Bryt. Itemize interest paid per student loan, sort by borrower, and export.
Set graduated, fixed, or fully custom repayment frequencies per loan. Repayment terms can be restructured mid-loan when a student's financial situation changes without creating a new loan record.
Quickly create new loan offerings, minimizing risk and maximizing efficiency
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With Bryt's ACH Module, you can simplify the process of authorized one-off or recurring ACH transactions, all while ensuring the utmost security. Tailor options for completing the work to the skill of the user.
For those seeking enhanced fund management, the NACHA add-on module is a game-changer. Generate NACHA files to draw funds from borrower accounts and facilitate payouts effortlessly. Take control of your financial operations like never before.
Bryt puts you in the driver's seat of your financial management through custom-made Register Accounts. Head to the Admin tab to access 'Register Accounts,' where default and custom account types await your discovery.
Switch to the Loan tab and witness the Register in full swing. Dive into loan-specific details, unveiling a comprehensive view of Credits and Debits. Here, your financial landscape comes to life, giving you the insight you need to make informed decisions.
Bryt's modules redefine loan management by providing you with tools for customization, efficiency, and security.
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With Bryt's ACH Module, you can simplify the process of authorized one-off or recurring ACH transactions, all while ensuring the utmost security. Tailor options for completing the work to the skill of the user.
For those seeking enhanced fund management, the NACHA add-on module is a game-changer. Generate NACHA files to draw funds from borrower accounts and facilitate payouts effortlessly. Take control of your financial operations like never before.
Bryt puts you in the driver's seat of your financial management through custom-made Register Accounts. Head to the Admin tab to access 'Register Accounts,' where default and custom account types await your discovery.
Switch to the Loan tab and witness the Register in full swing. Dive into loan-specific details, unveiling a comprehensive view of Credits and Debits. Here, your financial landscape comes to life, giving you the insight you need to make informed decisions.
Bryt's modules redefine loan management by providing you with tools for customization, efficiency, and security.
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Bid farewell to manual notices and late payment concerns. Bryt Software's comprehensive system comes packed with pre-populated standard notices, making communication a breeze. Stay informed with real-time views of queued and sent notices through our user-friendly dashboard.
Experience a solution that speaks your language. Bryt Software is meticulously designed by industry experts with decades of executive experience in the lending realm. From loan processing and assessment to servicing and collections management, our software covers every step of the loan lifecycle.
Bryt’s user-friendly dashboard and administrative features empower your team to work seamlessly, from customized email communication to user details management. Keep everyone informed, engaged, and aligned.
No more restrictive contracts or hidden fees, no Set-up or Implementation Fees. At Bryt Software, transparency is at the core of our ethos. Our pricing is straightforward, enabling you to focus on what truly matters – your lending operations. It's a commitment to simplicity that sets us apart.
“My experience has been great! There was no pressure from a sales team, the development folks were willing to tweak and customize the software for our needs and everything is running smooth! Most importantly, I feel like my questions and concerns were heard timely and solutions rendered in real time....I feel like the team at Bryt is an extension of my team.”
Nathan T.
“We have used BRYT for almost 2 years now. BRYT has been extremely valuable for our company. It has been an essential piece that has helped us be more efficient and scale our operation, while also delivering great value to our customers. They are helpful, easy to work with, and very responsive. BRYT continues to make great changes and we know there are even greater things ahead - we highly recommend the BRYT platform and the team behind it!”
Mike Z.
“I've been using this software for about 2 years and all of its features have allowed me to cut Loan Servicing and Document Processing portion of my job time in half. Actually more then half.”
Marsha P.
Education loan servicing software is a cloud-based platform that manages the post-origination lifecycle of private student and institutional education loans. It handles payment collection, repayment plan configuration, borrower notices, co-borrower management, and 1098 tax reporting without requiring an IT team or implementation project. Bryt is built for education lenders managing portfolios of 50 to 5,000 student loans.
Bryt focuses on loan servicing and portfolio management, not origination or credit decisioning. Once a student loan is originated through your existing process, Bryt manages the full servicing lifecycle: payment collection, borrower notices, document management, and tax reporting. API access is available to connect Bryt with your origination platform.
Bryt supports deferred, graduated, interest-only, fixed installment, and fully custom repayment structures. Payment frequencies can be set weekly, bi-weekly, semi-monthly, monthly, or on a custom schedule — configured per loan, with prorated first-period payments calculated automatically.
Bryt’s ACH module automates recurring payment collection on scheduled due dates. Payments are allocated using configurable waterfall rules: lender fees, interest, late fees, then principal. Failed ACH attempts trigger automated student notices, and all payment activity is logged to the loan record without manual intervention.
Yes. Bryt supports multiple co-borrowers and guarantors on a single loan record. Each contact: student borrower or parent co-signer maintains their own communication history, documents, and payment records, all linked to the same student loan.
Bryt generates batched 1098 tax reports directly on the platform at year-end. You can itemize interest paid per student loan, sort by borrower name, and export the report without manual data compilation or a separate reporting tool.
Yes. Bryt’s borrower portal allows students to log in and view their loan balance, payment schedule, documents, and transaction history under your brand. The portal subdomain is configurable under your institution’s name, and a fully custom domain is available as an add-on.
Bryt is designed for quick implementation that doesn’t require consultants, data migration, and server configuration. The platform runs fully on Microsoft Azure and is accessible from any browser. A free trial is available with no credit card required.