An ACS student loan is one that is serviced by Affiliated Computer Services, Inc., a company that is known for outsourcing technology and business solutions. Many universities use the ACS student loan due to the company’s reputation for using technology to smooth over a few of the more difficult facets of loan services.
Having an ACS student loan, students will make payments online, instantly begin to see the status of an account, change personal details like name and address, and receive email notification when payments have been processed.
Numerous different financial aid programs fall under the heading of an ACS student loan. One of the major ACS student loan groups could be the ACS Chemistry Practice Campus Based Student Loan Program (CBSL), which includes Federal Perkins Loans, Nursing Student Loans (NSL), and Institutional Loan Programs, among others. Another major number of educational loans handled by ACS could be the Federal Family Education Loan Program (FFEL), which includes the Stafford (GSL) Loans, PLUS loans to parents of students, and loan consolidation services. ACS also handles a group of educational loans donated by a variety of private companies.
For folks who do not already have an ACS student loan, applications and guidelines for different financial aid choices are available online. The ACS website provides a clear exemplory instance of how exactly to fill out a Free Application for Federal Student Aid (FAFSA) form, and demonstrates what the outcome mean in terms of your eligibility for financial aid. Furthermore, applications for both Stafford and PLUS loans for parents can be located on the ACS website, and can be completed and submitted online.
When you have an ACS student loan already, you may be thinking about researching the advantages of student loan consolidation. The ACS website provides information and application forms that might allow you to lock in a lower rate and reduce your monthly payment amount.
Other tools that could allow you to together with your ACS student loan incorporate a repayment calculator, IRS guidelines about how precisely to make use of your student loans for tax relief, and a glossary of important student loan-related terms.
Overall, an ACS student loan is one which will provide the borrower probably the most ease and flexibility as it pertains to loan servicing from application to repayment and consolidation. ACS works with numerous universities across the United States, such as the University of Pittsburgh and the University of Vermont. Even if your specific university does not offer student loans handled by ACS, their website is really a treasure trove of helpful tools and information, and well worth a look.