ACS Student Loan Advice
What is the ACS Student Loan stand for?
ACS means Affiliate Computer Services Inc. Its a company that specializes in business process outsourcing (BPO) and technology outsourcing solutions. They have been awarded by the U.S. government with a contract to administer portion of the "Federal Student Loan", because of their efficient in storing and processing college loan information.
ACS will act as agent to help you manage your loan, such as keep track of your bills at college / university, they will tracking your bills to them when college require. All you have to do is just apply the loan online, to check whether you success to get the loan.
Well, not only U.S. students may apply for these loan. Other countries students may apply also. ACS also helping students apply "Stafford" & "Plus loan" online, before these you must 1st complete the "Free Application For Federal Student Aid (FALSA)" (Its available in college or high school's aid office). After few weeks, you will receive a Student Aid Report (SAR), which content FALSA's information and together with the calculation (expected family contribution).
Once you have the below information,
1) A complete Free Application For Federal Student Aid (FALSA)
2) Student Aid Report (SAR)
3) Award letter
The ACS loan is in process
When it comes to offering, there will be 3 types dealing, targeted different types of end user,
1) Universities / Colleges
2) Financial Institutions
3) Student / Parent Borrower
No doubt, the ACS is one of the helping hand to those wish to further their study. Before taking the offer, students are encourage to figure out more sources of getting financial assistance for education. Due to the standard of living and increment of the education costs, one loan might not enough to cover all expenses during school life.
For more loans information, I suggest you to check out
ACS Student Loans
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