An ACS student loan is one that is serviced by Affiliated Computer Services, Inc., an organization that is 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 number of the more difficult facets of loan services.
By having an ACS student loan, students could 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 beneath the heading of an ACS student loan. One of many major ACS student loan groups could be the ACS Chemistry Practice Campus Based Student Loan Program (CBSL), which include Federal Perkins Loans, Nursing Student Loans (NSL), and Institutional Loan Programs, among others. Another major group 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 individuals who do not already have an ACS student loan, applications and guidelines for different financial aid choices are available online. The ACS website provides clear exemplory instance of just how to fill out a Free Application for Federal Student Aid (FAFSA) form, and demonstrates what the outcome mean when it comes to your eligibility for financial aid. Furthermore, applications for both Stafford and PLUS loans for parents could be found on the ACS website, and could be completed and sent in 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 can allow you to lock in a diminished rate and lower your monthly payment amount.
Other tools which may allow you to together with your ACS student loan incorporate 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 will give the borrower probably the most ease and flexibility in regards to loan servicing from application to repayment and consolidation. ACS works with numerous universities over the United States, including 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 really a treasure trove of helpful tools and information, and really worth a look.