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Guide to ACS Student Loans and Things to Consider

About ACS Student Loans and Application Process

There are numerous student financial aid options available for college and university students in the USA and millions of students every year apply for student loans, grants or other types of financial support. If you are student looking for the best private student loan option for you, then you should consider applying with ACS Student Loans which can help you to find the suitable loan plan for you in order to pay your educational related expenses in the easiest way.

Affiliated Computer Services or abbreviated ACS is in essence an online financial assistance service that can catch potential borrowers (students) with the most appropriate lenders (e.g. the US Department of Education) for their particular financial need connected to their education. It is a company with more than 20 years of experience providing information technology services.

ACS has extensive experience in providing assistance to student loan borrowers through numerous government and private student loan programs. ACS clients comprise government, private lenders and institutions of higher education and they provide support to more than 450,000 college and university students. Applying for student loan with ACS is very secure way to obtain a student financial aid, since they have rigorous student loan scam prevention measures.

When you apply for the educational loan and after your student loan application is approved by the federal government or the private loan lender, it is obvious that you will have to pay off your loan after a period of time. ACS student loans are of assistance in repaying process by providing access to their online tools. In fact, one of the most advantageous features of a borrowing ACS is the online application that is available to students through their user friendly website. Borrower can view his or her loan details online, make payments online, and numerous other things that can be done in the most convenient way.

Online Payments

One of the most beneficial functions available for ACS users is ExpressPay system which is purposely created for making online payments and it is very easy to use. After creating your account you just have to log in and you can easily make online payments.


Notification is another useful feature. ACS will let you know when the time is to start paying off your student loan which will ensure that you start your repayments on time.

Deferment Assistant

ACS developed Deferment Assistant program to make the repayment process easier and to prevent going your student loan into default. This is confidential and secure service and it enables you to apply online for deferments and learn in reasonable period of time whether you qualify.

ACS allows you to apply for and submit an on-line forbearance and deferment in case of unemployment online simply by using your e-Signature.

The other useful services available with ACS include: Inbound/outbound communications with students, Transaction Processing, Document and Workflow Management, Document and information collection, payment counseling, Default aversion, etc.

ACS Student Loans serve both, federal student loans like Federal Stafford Loans, Perkins Loans, etc. and private student loans like Penn Guaranteed Loans, Key Bank Private Loans, JP Morgan Chase Private Loans and etc.

In order to apply for ACS student loan, the first thing you should do is to complete a FAFSA application form to help the Department of Education estimate how much financial aid you might be eligible for. It also helps them determine if you qualify for other forms of student financial aid such as college grants. After applying you will get the SAR or Student Aid Report with your FAFSA results and details on your eligibility, amount of loan you are going to receive and other important information on your student loan application. Than you can begin looking for the best loan provider for you, which can be one of the federal loan plans, private lending agency, college or university. ACS will summarize all the details and make it clear what the best alternatives are according to particular requirements.

To sum up, ACS is not a student loan lender, it is an online financial service that helps students find the best student loan plans. Helping students to find the most appropriate student loan program ACS make this complicated process easy.

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What is the FAFSA and How to Complete It

The Most Important Facts on FAFSA Application Process

About the FAFSA

Thousands of college and university students in the USA today utilize some sort of federal student aid as assistance in paying for their post secondary education. In order to become eligible for US government financial support provided by the Department of Education, as a first step students must complete the Free Application for Federal Student Aid or FAFSA, the universal application for all categories of federal student aid. The best approach to filling out your federal student aid application is to take enough time in advance to prepare yourself for filling out the FAFSA which will make application process relatively easy. This in particular means that you should try to collect and prepare all the needed documentation and information before you go ahead and complete the application. Reason for doing this is obvious, that kind of preparation will save you a huge amount of time and prevent for making any mistakes in your application. The earliest date you can complete the FAFSA is January 1st, and the deadline for submitting it is June 30th  for the upcoming school year.

Before completing the FAFSA, the first thing to keep in mind is that you have to meet certain federal student aid eligibility requirements to be able to qualify for federal student aid.

In order to fill out your FAFSA application, you are going to need the something of the following information and documentation:

  • Social security number
  • Institutional codes for each school you plan apply to
  • Your bank statements
  • Driver’s license
  • Foreign registration card, or Permanent Resident card if you are not a US citizen
  • Tax returns and W-2 forms
  • If you are still dependent child you’re going to need your parents’ tax documents
  • In case you’re married – your spouse’s tax documents
  • Current untaxed income statements such as veteran’s benefits, welfare, etc.
  • Business and farm documentation
  • Investment records and statements
  • Mortgage documentation

After collecting all the necessary information and documentation, the actual process of completing your FAFSA should not be difficult. There are two ways of completing the FAFSA: you can complete it online or in the written version. The more convenient way is to fill it out online, since the paper version will take you longer to complete it and submit it via regular mail.

The Written FAFSA Option

In case you decide to fill in the printed form, you can get a copy by requesting one at fafsa.ed.gov or by calling 1-800-4-FED-AID. Also, you can print your copy from federalstudentaid.ed.gov. or request a copy at your college’s student financial aid department.

Completing the FAFSA Online

In order to complete the online FAFSA option, first thing to do is to go to the official FAFSA website, fafsa.ed.gov . Application process is pretty simple: just follow the instructions provided and easily complete your application online.

Prior to formal submission of your application, you need to have your PIN which serves as your identity verification and it is rather similar to personal number that you would use to access any of your personal accounts. To get your PIN, visit www.pin.ed.gov.

FAFSA Application Steps

The FAFSA comprises seven most important segments, and each section has its own purpose, questions, and required information that applicants are required to submit. Applicants can always go back and make edits once they have finished filling out the whole application.

1. Personal Information

This section includes personal data such as applicant’s name, date of birth, social security number and address. The furtherer questions in this part will include information on her or his citizenship or residency status, academic progress and whether or not she or he may have an illegal drug conviction on your record.

2. School Choice

In this section of FAFSA applicants will be asked to provide list of ten schools they are interested in. Additional information required will involve their enrollment status and selecting whether or not they are interested in federal student aid programs.

3. Dependency Status

In this part of FAFSA application, students are going to find a list of questions intended to determine their dependency status. The list of questions appears as the following:

  • Are you a veteran of the United States armed forces?
  • Are you currently serving on active duty in the United States armed forces for purposes other than training?
  • Are you married at the moment?
  • Were you born before January 1, 1987?
  • Will you be enrolled in a master’s, or doctorate program at the start of the school year?

If your answer to any of the previous questions is yes, you may be considered as an “independent” for the approaching school year.

4. Parent Information

In this section student will be required to provide basic information about her parents such as their names, social security numbers, marital status, and your family household, like the size of the household and the number of persons from her family who are going to be attending college or university during the next school year.

5. Financial Information

This segment requires information on applicant’s last year’s tax return, current income and property. In case applicant is still dependant, he’ll have to provide financial information about his parents and himself alike. If he is determined as an independent, he won’t have to give financial information about his parents.

6. Reviewing and Submitting the FAFSA

In this part of FAFSA applicants are given the chance to review and save their application. In addition, students will have to agree to a legal statement serving as a certified confirmation that all the information provided during completing the FAFSA are accurate and honest, and that they won’t use their federal student aid for anything else besides academic-related purposes. By entering his social security number and PIN applicant should be able to go right ahead and officially submit his application by choosing submit option.

7. Confirmation

After submitting the application, applicant will then be taken to a confirmation page where a random confirmation number, and information release number will be provided which means that the FAFSA application is successfully completed.

The Student Aid Report

Once you have completed your FAFSA you will be sent a Student Aid Report (SAR) which contains all the information you provided in your application as well as your eligibility for particular types of federal student aid and your EFC (Expected Family Contribution of financial need). After two or three weeks the SAR will be sent by mail to your home address provided in the application.

At the end, it’s very important to bear in mind that in order to obtain a federal student aid, a new FAFSA application should be filled out for the each college year.

Video Guide  to Learn How to Fill Out the FAFSA in 7 Easy Steps

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Introduction to Federal Student Loans for Education

After high school, many students are unsure of what to do with their lives. They have the option of going to work or enrolling in college. Many who want to enroll in college do not have the money that it takes to pay for tuition. In this situation, students can borrow much of the money they need from federal student loans. If you are about to graduate from high school or you are thinking about going back to college, understanding how student loans work can be extremely helpful.

Direct Loan Program

The federal government offers a Direct Loan Program through the Department of Education. With this program, the federal government loans money directly to students, with the help of loan servicers. This means that when you borrow money from the Direct Loan Program, you’ll be able to get any help you need from an individual loan servicer instead of having to deal with the Department of Education.

Types of Student Loans

When you want to get involved with federal student loans, there are a few different types of loans that you could pursue. Two of the most common types of loans are Stafford and Perkins loans. Stafford loans are typically available to anyone who wants to go to school, regardless of credit history or income. With Stafford loans, you can get a subsidized loan or an unsubsidized loan. Whether you qualify for a subsidized loan will depend on the information contained in your Free Application for Federal Student Aid or FAFSA. If they determine that you have a significant financial need, then you can qualify for a subsidized loan. This means that your interest will be paid while you are in school, and your loan interest rate will be lower overall.

The Perkins loan is a similar type of loan, except it is only for individuals who have a significant financial need. There is a maximum amount of money that you can borrow each year with the Perkins loan program. If you still need to borrow money after the Perkins loan, you can use a Stafford loan.

PLUS loans are another type of federal education loan that you can get from the government. These loans are designed for parents of college students or for graduate students. Eligibility for this type of loan is also determined with the information from the FAFSA.

You also have the option of getting a consolidation loan from the government. With this type of loan, you can consolidate multiple student loans into a single package. The only have the option of consolidating once, so you need to make sure that you do it at the right time to get the best interest rate.

You may also be able to qualify for state-based student loans. These loans are actually issued from state governments and agencies instead of the federal government. Minnesota, Texas, Hawaii, New Jersey and Alaska are the five states that offer this type of program.


Getting education loans from the federal or state government can provide you with cheaper interest rates than what you can get in the private market. They are also easier to get qualified for because you do not have to have a certain amount of income or credit score. The repayment terms of these school loans can also be very flexible. You have the option of choosing from a fixed payment, a graduated payment or an income-based repayment option. If you are interested in going to college, looking into federal loans should be one of the first things you do. After scholarships, grants and other sources of funding have been exhausted, they are often the most attractive option.

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