An ACS student loan is one that’s serviced by Affiliated Computer Services, Inc., a business that’s known for outsourcing technology and business solutions. Many universities utilize the ACS student loan due to the company’s reputation for using technology to smooth over some of the more challenging areas of loan services.
Having an ACS student loan, students may 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.
A number of different financial aid programs fall under the heading of an ACS student loan. Among the major ACS student loan groups could be the ACS Chemistry Practice Campus Based Student Loan Program (CBSL), including Federal Perkins Loans, Nursing Student Loans (NSL), and Institutional Loan Programs, among others. Another major band of educational loans handled by ACS could be the Federal Family Education Loan Program (FFEL), including 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 many different private companies.
For those who don’t already have an ACS student loan, applications and guidelines for different financial aid options are available online. The ACS website gives a clear exemplory case of just how to complete 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 may be located on the ACS website, and may be completed and submitted online.
When you yourself have an ACS student loan already, you might be enthusiastic 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 with your ACS student loan add a repayment calculator, IRS guidelines about how precisely to utilize your student loans for tax relief, and a glossary of important student loan-related terms.
Overall, an ACS student loan is one that may provide the borrower the absolute most ease and flexibility in regards to loan servicing from application to repayment and consolidation. ACS works together numerous universities over the United States, including 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 just a treasure trove of helpful tools and information, and well worth a look.