Renee, Hi, it sounds as if you have your organizational operations set up very well. I have a listed a few benefits of using a third party servicer; Gainful Employment Management for Schools,Default Prevention for Student Loans,Default Prevention for School Debt,Borrower Education and Financial Literacy in addition to processing your financial aid many servicers offer; Custom Surveys for Students, Alumni and Employers,Re-enrollment and Placement Facilitation,Job Placement Verification. As far as the cons it comes down to cost and control of your files. At the end of the day it comes down to what best serves your students. Professional Skip Tracing Cindy Bryant