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ACS Student Loans

All About Your ACS Student Loans

    Do ACS student loans have you puzzled? Wondering what's up with ACS student loans and why ACS is handling your loans instead of your school? Well, you're not alone. Many people don't understand what ACS has to do with their student loans.
    If you have ACS student loans, you should be proud of your school. Why? Well, if you have ACS student loans that means your school has outsourced its student aid operations to one of the best companies in the United States. By having ACS manage your student loans, your school saves time, resources and money, which are better used for your education than answering a helpline.

What are ACS Student Loans?

    ACS student loans are just like any other student loans, except they are managed by Affiliated Computer Services, instead of by a university. Affiliated Computer Services, or ACS, is a FORTUNE 500 company that specializes in business process outsourcing and information technology services ("ACS In Education"). ACS services the loans of over 9.3 million borrowers. Basically, all you really need to know is that colleges and universities outsource their financial management activities to ACS in order to save money, resources and time, which allows the schools to focus on the students rather than the laborious process of managing student loans ("Service Offerings"). ACS has been serving colleges and universities since 1967, helping them manage their student loans more effectively and efficiently ("A Partner, Not a Competitor").

How do ACS Student Loans Work?

    ACS student loans work just like any other type of student loan because ACS isn't a lender. The company just manages student loans for colleges and universities. So, to get ACS student loans, you must go through the same process as you would for any other type of student aid. You must fill out and submit a Free Application for Federal Student Aid, also known as a FAFSA. Once your application has been processed by both the US Department of Education and your school, you will receive an award letter detailing how much student aid you are eligible for. Keep your fingers crossed that it will be a lot. If the school you are attending has contracted with ACS, then your loans will be ACS student loans managed by ACS.

Benefits of Having ACS Student Loans

    Having ACS student loans comes with some perks. You should be happy that your school is outsourcing your student aid because that means it is conserving resource and saving money, which take the edge of rising tuition costs. Because ACS is an expert in information technologies, ACS student loans come with several handy account management tools. If you register online and activate your ACS student loan account, you can take advantage of free tools such as easy online payments, instant financial data on your balance, payment history, payoff amount and interest rates, simple deferment and forbearance online applications, e-mail notifications and no-hassle account information updating ("Welcome to our Borrower Services Website").

    The only difference between ACS student loans and other student loans is who is managing your debt. So, if you are interested in learning more about student loans, you need to learn more about the different educational loan programs. To learn more about student loans and how to fund your college education, read our Student Loans Guide, which will tell you all about the different types of education loans, how to apply and how to make the process as easy as possible.

Sources:

ACS. "A Partner, Not a Competitor." ACS-education.com. https://www.acs-education.com/bac/FINA/ServiceOfferings.html (accessed September 15, 2006).

ACS. "ACS In Education." ACS-education.com. https://www.acs-education.com/bac/EDU/About.html (accessed September 15, 2006).

ACS. "Service Offerings." ACS-education.com. https://www.acs-education.com/bac/SCHL/ServiceOfferings.html (accessed September 15, 2006).

ACS. "Welcome to our Borrower Services Website." ACS-education.com. https://www.acs-education.com/bac/genl/Home.html (accessed September 15, 2006).