Understanding Your ACS Student Loan

An ACS student loan is one that is serviced byaid options are available online. The ACS website
Affiliated Computer Services, Inc., a company that isgives a clear example of how to fill out a Free
known for outsourcing technology and businessApplication for Federal Student Aid (FAFSA) form, and
solutions. Many universities use the ACS student loandemonstrates what the results mean in terms of your
because of the company's reputation for usingeligibility for financial aid. Furthermore, applications for
technology to smooth over some of the more difficultboth Stafford and PLUS loans for parents can be
aspects of loan services.found on the ACS website, and can be completed and
With an ACS student loan, students can makesent in online.
payments online, instantly see the status of anIf you have an ACS student loan already, you might be
account, change personal details like name andinterested in learning about the benefits of student loan
address, and receive email notification when paymentsconsolidation. The ACS website provides information
have been processed.and application forms that could help you lock in a
A number of different financial aid programs fall underlower rate and reduce your monthly payment amount.
the heading of an ACS student loan. One of the majorOther tools that might help you with your ACS student
ACS student loan groups is the Campus Basedloan include a repayment calculator, IRS guidelines
Student Loan Program (CBSL), which includes Federalabout how to use your student loans for tax relief, and
Perkins Loans, Nursing Student Loans (NSL), anda glossary of important student loan-related terms.
Institutional Loan Programs, among others. AnotherAll in all, an ACS student loan is one that will give the
major group of educational loans handled by ACS isborrower the most ease and flexibility when it comes
the Federal Family Education Loan Program (FFEL),to loan servicing from application to repayment and
which includes the Stafford (GSL) Loans, PLUS loansconsolidation. ACS works with a number of universities
to parents of students, and loan consolidation services.across the United States, including the University of
ACS also handles a group of educational loansPittsburgh and the University of Vermont. Even if your
donated by a variety of private companies.specific university does not offer student loans handled
For those who do not already have an ACS studentby ACS, their website is a treasure trove of helpful
loan, applications and guidelines for different financialtools and information, and well worth a look.