Debt Management and Collections System (DMCS)
Investment ID: 018-000000036
Overview
Program Title
Debt Management and Collections System (DMCS)
Description
The DMCS Investment supports a system that collects defaulted student debt through a number of means and returns the money to the Treasury.
Type of Program
Major IT Investments
Multi-Agency Category
Not Applicable
Associated Websites
https://myeddebt.ed.gov/, https://dmcseddebt.ed.gov/
Investment Detail
This system is responsible for returning Title IV funds from non-performing assets to performing assets and actual dollars to Treasury. Estimated total collections number for FY22 will be about $18.7 billion.