An ACS student loan is one that’s serviced by Affiliated Computer Services, Inc., a company that’s noted 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 number of the more challenging areas of loan services.
By having an ACS student loan, students will make payments online, instantly 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 beneath the heading of an ACS student loan. Among the major ACS student loan groups is the Study for ACS Chemistry Exam Campus Based Student Loan Program (CBSL), which includes Federal Perkins Loans, Nursing Student Loans (NSL), and Institutional Loan Programs, among others. Another major band of educational loans handled by ACS is 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 small grouping of educational loans donated by a variety of private companies.
For individuals who do not have an ACS student loan, applications and guidelines for different financial aid choices are available online. The ACS website provides clear exemplory case of how to complete a Free Application for Federal Student Aid (FAFSA) form, and demonstrates what the outcomes mean in terms of your eligibility for financial aid. Furthermore, applications for both Stafford and PLUS loans for parents could be located on the ACS website, and could be completed and sent in online.
If you have an ACS student loan already, you could be enthusiastic about studying the benefits of student loan consolidation. The ACS website provides information and application forms that could assist you to lock in a lower rate and lessen your monthly payment amount.
Other tools which may assist you to together with your ACS student loan include a repayment calculator, IRS guidelines about how to make use of your student loans for tax relief, and a glossary of important student loan-related terms.
All in all, an ACS student loan is one which will provide the borrower the most ease and flexibility as it pertains to loan servicing from application to repayment and consolidation. ACS works with several universities over the United States, like the University of Pittsburgh and the University of Vermont. Even if your specific university doesn’t offer student loans handled by ACS, their website is a treasure trove of helpful tools and information, and really worth a look.