Understanding ACS Student Loans

ACS student loans cover a fairly broad range of different financial aid programs. One of the major ACS student loan groups is known as the Campus Based Student Loan Program (CBSL). CBSL 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 the Stafford Loans, PLUS loans to parents of students, and loan consolidation services . In addition, ACS handles a group of educational loans funded by different private companies.

If you have not already applied for a student loan, you needn't let the process scare you. All the guidelines and applications for different 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 he lps you to interpret the results in terms of 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.