Account Control Technology Inc. has been recognized as the No. 1 private collection agency on the U.S. Department of Education's unrestricted contract for the quarter ending September 30.
The ranking was among the 17 large agencies currently on the unrestricted contract.
"ACT is honored and pleased to have been able to perform so well for the Department of Education, which makes higher education possible for so many Americans," said Nabil Kabbani, CEO of ACT. "Over the past several years, ACT has made numerous investments in personnel, training, facilities and equipment to ensure we are able to service the Department of Education contract in a manner that meets and exceeds the Departments high standards."
ACT has held contracts with the Education Department since 200 and has been on the U.S. General Services Administration schedule since 1999. Over the years, the company has mentored other private collection agencies that also became strong education contract performers, according to ACT officials.
The company, established in 1990, provides consultative debt management, collection, call center and business process outsourcing solutions for education, government, commercial and consumer entities. It has been recognized as an Inc. 5000 fastest-growing private company for the past eight years.