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 utilize the ACS student loan because of the company’s reputation for using technology to smooth over a few of the more challenging facets of loan services.
With an ACS student loan, students can 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 already been processed.
A number of different financial aid programs fall under the heading of an ACS student loan. One of many major ACS student loan groups could be the Study for ACS Chemistry Exam Campus Based Student Loan Program (CBSL), which include 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), which include 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 don’t have an ACS student loan, applications and guidelines for different financial aid options are available online. The ACS website gives a clear exemplory instance of just how to fill in a Free Application for Federal Student Aid (FAFSA) form, and demonstrates what the results mean when it comes to your eligibility for financial aid. Furthermore, applications for both Stafford and PLUS loans for folks can be found on the ACS website, and can be completed and submitted online.
When you have an ACS student loan already, you may be thinking about studying the advantages of student loan consolidation. The ACS website provides information and application forms that may help you lock in a diminished rate and reduce your monthly payment amount.
Other tools that will help you with your ACS student loan add a repayment calculator, IRS guidelines about how exactly to make use of your student loans for tax relief, and a glossary of important student loan-related terms.
In general, an ACS student loan is one which will give the borrower probably the most ease and flexibility in regards to loan servicing from application to repayment and consolidation. ACS works together with numerous universities across the United States, including the University of Pittsburgh and the University of Vermont. Even though your specific university doesn’t offer student loans handled by ACS, their website is really a treasure trove of helpful tools and information, and worth a look.