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ACS loans are another source of college funding for those in need. ACS stands for Affiliated Computer Services, Inc., an organization specializing business process outsourcing. They handle much of the loan servicing for both the Federal Government and colleges. So your loan, federal or private, may be going through ACS.
When applying for a private loan that is serviced by ACS you will have to meet the standard criteria for credit-based loans. Find out what those parameters may be for the loan you are applying for.
The ACS Web site also allows you to track your loan information. You can follow how much interest has built up, make payments, change your address and other personal information as needed, and many other student loan services.
They also offer guidance in planning your college career and online applications for ACS student loans.
|Jennifer Mathes, Ph.D.|