Acs Student Loans: What Are They?

If you have searched for student loans to cover your school expenses, you might be curious about who or what ACS is, and exactly what ACS student loans are.
So, explain what an ACS student loan is
It is a loan that is originated and serviced by Affiliated Computer Services, Inc., a company with a well established market share of business process outsourcing. Many colleges use ACS student loans because of this company's long standing reputation for handling loan servicing efficiently through the use of technology. Incidentally, they are the Department of Education's primary outsourcing contractor. With an ACS student loan, students can easily manage their accounts online. They can make payments, check on their account status, revise personal details, and get email notification of payments that have been processed. The ACS online interface provides a convenient method of managing all of your loans in one place.
Understanding ACS Student Loans
One of the major ACS student loan groups is referred to as the Campus Based Student Loan Program (CBSL). This program includes Federal Perkins Loans, Nursing Student Loans (NSL), and Institutional Loan Programs. Another major group of student loans that ACS handles is the Federal Family Education Loan Program (FFEL), which includes Stafford Loans, PLUS loans to parents of students, and ACS student loan consolidation services . In addition, ACS handles a group of alternative loans funded by several private companies.
If you have not yet applied for a student loan, don't let the process intimidate you. All the necessary forms and instructions for various financial aid programs are available online. The ACS website provides a clear example of how to fill out a Free Application for Federal Student Aid (FAFSA) form, and helps you to fathom the results as they relate to your eligibility for financial aid. In addition, the ACS website has applications for both Stafford loans and PLUS loans for parents, which can be completed and submitted online.
ACS Student Loan Consolidation
If you already have federal student loans, the ACS website provides information on consolidation loans, and application forms. An ACS student loan consolidation could mean you only have to write one check each month. It also could help you lock in a lower interest rate to bring down your total monthly payment amount.
So, Why ACS School Loans?
Do you like to save time? How about convenience? Only having to deal with one entity for your loan servicing, from application to repayment to consolidation, might be a big plus.