Understanding Your Acs Student Loan

Understanding Your Acs Student Loan



Understanding your ACS Student Loan
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 because of​ the​ company’s reputation for using technology to​ smooth over some of​ the​ more difficult aspects of​ loan services .​
With an​ ACS student loan,​ students can 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.
A number of​ different financial aid programs fall under the​ heading of​ an​ ACS student loan .​
One of​ the​ major ACS student loan groups is​ the​ Campus Based Student Loan Program (CBSL),​ which includes Federal Perkins Loans,​ Nursing Student Loans (NSL),​ and Institutional Loan Programs,​ among others .​
Another major group 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​ group of​ educational loans donated by a​ variety of​ private companies.
For those who do not already have an​ ACS student loan,​ applications and guidelines for different financial aid options are available online .​
the​ ACS website gives a​ clear example of​ how to​ fill out a​ Free Application for Federal Student Aid (FAFSA) form,​ and demonstrates what the​ results mean in​ terms of​ your eligibility for financial aid .​
Furthermore,​ applications for both Stafford and PLUS loans for parents can be found on​ the​ ACS website,​ and can be completed and sent in​ online.
If you​ have an​ ACS student loan already,​ you​ might be interested in​ learning about the​ benefits of​ student loan consolidation .​
the​ ACS website provides information and application forms that could help you​ lock in​ a​ lower rate and
reduce your monthly payment amount .​

Other tools that might help you​ with your ACS student loan include a​ repayment calculator,​ IRS guidelines about how to​ use your student loans for tax relief,​ and a​ glossary of​ important student loan-related terms.
All in​ all,​ an​ ACS student loan is​ one that will give the​ borrower the​ most ease and flexibility when it​ comes to​ loan servicing from application to​ repayment and consolidation .​
ACS works with a​ number of​ universities across 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​ a​ treasure trove of​ helpful tools and information,​ and well worth a​ look.




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