ACS Student Loan Servicing and Facts For You

May 31, 2012 · Posted in Education · Comment 

Affiliated Computer Services (abbreviation: ACS) is a institution with over 20 years of experience providing information technology services for profit and non-profit organizations. Actually now ACS is one of the Fortune 500 businesses working all around the world.

It’s crucial to be familiar with not only general information about Affiliated Computer Services Corporation but keep in mind other essential facts covering services offered by ACS. In reality, ACS is a loan servicer who provides information technology services (e.g. billing information management).

ACS Loan Servicing

The process of how ACS works is not complicated. It’s an intermediary between a loan lender (e.g., Sallie Mae, Citi) and a student borrower (a student or father who is eligible for this type of financial aid). As soon as a student or parent borrower got the money for education financing it’s obvious that after some time a borrower must pay off a loan. And a loan servicing company (e.g. ACS) assists in this procedure by providing access to their online tools.

As an example, you have an option to make payments online or by check. To start with it’s necessary to fill out all fields with personal and financial information to make future payments effortlessly. In order to have right to use all practical methods and features it’s required to sign up.

It’s essential to make a remark that ACS services both federal and private student loans. Private student loan programs which are serviced by this institution include widespread banks like Key Bank Private Loans, Penn Guaranteed Loans, JP Morgan Chase Private Loans and others.

One of the most important benefits that can be used is ExpressPay system. This technique is purposely designed to make online payments. It’s straightforward and secure to use. In the present days more and more individuals favor making online payments while saving their efforts.

After the user account is created and have provided all necessary information, all a college student needs is to log in and make payments. It’s very fast, just few moments to accomplish. For this reason, the ACS ExpressPay system has huge success today and is very popular and well-known.

Another useful feature to take into consideration is notification. The corporation will let you know when the time to start repaying is due. It’s also very comfortable since helps you to be informed about your future payments.

ACS provides borrowers with not only notification system and multiple payment system. In reality, it does much more, including: Inbound/outbound communications with students, Text and Workflow Administration, Deal Processing, Document and info compilation, Default aversion and payment analysis and etc.

To receive additional info about ACS and it’s activity it’s obligatory to go to the official internet site.

In the end, ACS company is not a loan lender, it’s a school loan servicer helping college students in a variety of ways from repaying to giving the best advices on student aid topic.

Discover more advices about ACS Loans. Read our popular blog dedicated to answer all your questions about ACS Student Loans.

Federal Education Loans and Their Advantages

May 31, 2012 · Posted in Finance · Comment 

Today there are many ways to fund your education expenses. People understand that higher education is vital for career opportunities and for this reason do all their best to find the most affordable funding sources.

One of the main college funding strategies that do work today is to apply for federal student loans.

Federal education loans are loan products offered by the federal government for student and parent borrowers for purposes of covering education expenses like tuition, books and others. It’s a fact that these loans have lower rates and some types of federal loans are the most inexpensive in the market. If you want to apply for private student loans then try to apply for federal loans first.

The second advantage of federal student loans is that they are designed for needy students (except Parent PLUS loans). Dealing with need-based criteria does mean that a potential borrower doesn’t have to have high income level. In other words if you have financial need and low-income you can still qualify for the loan you want. In fact, several types of loans (Perkins and Subsidized Stafford) are specially designed for student who demonstrates huge financial need. Because the government really cares about citizens and is focused on improving various important spheres including education it offers federal student aid options that can be received regardless of your financial situation. And also it’s easier to apply and qualify for federal loans rather than for private aid options.

The third advantage of federal aid is that a borrower can qualify regardless of bad credit score he or she might have. If a student has unpaid debts in the form of credits and as a result bad or little credit history it’s not an obstacle and can’t be a problem. A borrower can still apply for federal loans (except Parent PLUS loans) successfully and receive needed funding.

It’s important to understand that the government plays an important social function – provides opportunities for students for an education. And in this case the theme of an income level, credit history (bad or no) doesn’t really matter. Summing up, a student applying for federal education loans could have low income and bad credit score and it won’t be a problem.

The next advantage is that no cosigner required in order to qualify. And it’s good. Unlike alternative loans where it’s a must to have a cosigner if you have an adverse credit history, with federal loans you could have no credit history plus no cosigner.

As a conclusion, thinking about all pros of federal loans it’s required to keep in mind that college funding process is tough and a prospective borrower should make a good research about student aid options and define which are the best.

And finally, read more articles to know how school loans work. We prepared the best guide about great lakes student loan servicing as well.

Importance Of Federal Consolidation Loan

May 1, 2012 · Posted in Finance · Comment 

This is a special student arranged lending criteria which allows the associated borrower to combine several debts into one solid debt. This is an advantageous arrangement as it allows students who may not be in a stable financial position to pay all the debts in single monthly remittance instead of multiple remittances. Federal consolidation loan allows students to be able to meet their expenditures and related costs.

This type of loaning system is open to all students even though the ones who maximally benefit are those with financial constraints and cannot afford their fees. The application forms are processed within a short duration thus gives immediate relief. The ease of repayment is easily realized as the amount is paid in small amounts over a long period of time.

The rates of the service are lowered to favor the clients as most of the clients are unable to raise huge amounts of money in the shortest time possible. Students can have their financial solutions solved either for a short period within which there are no finances or in the long run. This helps clients to cautiously manage their money in a responsible manner.

Most firms involved do not go into the details of clients as their credit worthiness if often neglected; the aim of these firms is to be a solution to financial problems facing students. Credit history in never a consideration to majority of the firms thus making them very reliable. Application forms are also freely given to the customers.

Clients enjoy a reduction in monthly rates and the amount to be paid by approximately 50 percent making it easy to pay within the period agreed upon. Different service providers have different policies which must be studied before one selects a firm. This is one of the most cost effective and affordable services therein.

This can be a handy asset to students who may have fee payment problems as the funds provided by the firms are always enough and depend on the amount needed by a client. The term for repayment of the money is therefore lengthened and the amount reduced into small affordable cash. The amount of money borrowed therefore determines the length of time the repayment is to be done; it can be up to 10 years.

Federal consolidation loan has been a source of solace for many students who have been unable to meet the educational expenses and provided immediate relief. One can pay in large sums thus reduce the time the repayment is to take. Some firms have websites which can be visited for more information.

Learn how you can lower the payments on your student loan more easily when you participate in the federal student loan consolidation program. You can get all the information you will need to take advantage of this great opportunity when you visit today.

Student Loan Clemency for Qualified Nurses

January 23, 2012 · Posted in Finance · Comment 

There are student loan clemency applications available for Registered Nurses with an Associates Degree and above in the nursing field.

This nursing education loan repayment programme is a motivation to evoke nurses to offer their servitude to a fulltime position.The loan repayment will be able to help with consolidation of loans up to $40,000. Nurses must meet certain rules before applying.

Nursing Student Loan Forgiveness

This program permits qualified nurses financial leniency from study loans. The program is very selective and only current and experienced nurses working in a non-profit public health facility may be alleviated and helped.

The repayment process demands that a nurse have already finished 120 payments on admissible academic loans and has been employed with a facility full time. There are specific loans that are suitable for repayment, such as:

– Federal Direct Stafford (Subsidized) Loans
– Federal Direct Unsubsidized Stafford Loans
– Federal Direct Consolidation Loans
– Fed. Direct PLUS Loans

These loans and the 120 payments can be payed thru a Direct Loan Program successfully. This loan plan eases the weight of paying the leftover balance of academic debt. The programme allows a nurse to assist, gain maximum experience, and work off the student debt considerably.

EligibilityEligibility Requirements

An Associate Degree, Bachelors, or Masters will be enough to apply. Nevertheless the degree has to apply to nursing and public health. Student loans induced prior to the nursing degree may not be deducted or eligible for reduction.

Candidate must be a United States of America citizen for consideration. The applicant may be a lawful or national permanent resident. The education must be from a licensed nursing college in the U.S.

Applicants have to guarantee they have worked in a proper facility before consideration. Qualified nurses are those that work in surgeries, nursing homes, hospice programs, nursing centers, ambulatory centers, health clinics, and federally authorized health centres.

The candidate also has to remain with the clinic and center for 2 years before applying. If you opt to remain an additional year, a further 25% will be given back from prior balance.


This plan offers a reduction of 60% of study loans through servitude. The plan will also be able to aid those whose loan extends over there annual salary. The process of applying can take four months to finish and you will be notified through mail and email if authorised.

Steven C. Brown is helping nursing students prepare for pre-nursing exams. Read more about the TEAS test and when thinking about a nursing career.

How To Better Your Chances Of Acquiring A Scholarship

November 25, 2011 · Posted in Education · Comment 

When applying for student loans or financial aid, people will generally be questioned about their collaboration in community service on an application. Those people who do decide to end up actively involved in their communities have a benefit over other equally qualified candidates with no community service experience. Organizations granting financial aid and scholarships tend to look favorably on people devoted to assisting others and bettering their communities.

Usually, a student wants to get started the procedure of applying for financial aid as soon as you possibly can. While starting an application is really a year round possibility, this does not make sure you will have the funds in place on time. Scholarships, federal loans, and a private student loans can all be applied for simultaneously through the FAFSA web site online. Be sure to have all financial documents beforehand to speed up the process. Generally, from starting to end, the procedure could take six months.

A merit scholarship is really a scholarship to confer financial aid to pupils with superb grades, skills, or other requirements whereas a lottery scholarship assurances an equal chance to all who qualify for that specific scholarship. Both should be acknowledged in your look for financial aid.

The key to scholarship money varies popularly depending on the form of scholarship. Some require good grades and others very good essays. Understanding what your particular scholarship demands are extremely vital. Make sure you comprehend what you should present about yourself to win. Expressing your person personality is important. For the better shot at financial aid, apply for a wide selection of scholarships.

The first rule of thumb whenever writing a scholarship application for financial aid is not to be afraid of bragging. Whatever your admissions officer could see on your application form is what he’ll know about you, so it’s your duty to “color” your application as much as possible, so the officer will understand that you are a noteworthy student deserving of scholarship application. So, if you did volunteering at a populace project, even for a small amount of time, you need to mention it. It never hurts to add any little thing that could possibly add weight to your application, as there’s no harm in doing this. After all, it is these types of little particulars in a person that can create one’s scholarship applications stand out from the others.

A scholarship tends to be for the most part merit primarily based, whereas financial aid depends on the fiscal outlook of your family. One can obtain thousands of dollars in scholarship, and still obtain a generous amount of financial aid owing to his low economic disadvantage. A college loan is something that pupils should apply for when scholarships won’t be enough. Usually, and exemplary student can get a sufficient amount of merit based scholarships to not have to resort to college loans. Scholarships are usually more proper as they do not have to be paid back sort of like university loans. At the end, one should always attempt extremely tough for scholarships, as there’s nothing to lose. Scholarships don’t influence your eligibility for financial aid, as financial aid has completely various criteria than that of scholarships.

Yes, student loans can change the amount of financial assist you receive. The scholarship provider frequently apprises the school of your presented money, and the school might choose to adjust provided aid or university loans accordingly. However, if you are still in require of financial aid, this should not be a problem.

The Differing Types Of Financial Aid

October 20, 2011 · Posted in Education · Comment 

There are numerous different types of financial aid available to individuals within the United States, specifically students applying to or currently attending university. The FAFSA, or the Free Application for Federal Student Aid, is really a broadly used resource that empowers pupils to apply for financial aid while attending university. Much of this money includes government grants and subsidies that provide needy pupils with the opportunity to attend the college they want. Federal student loans is another choice of financial aid. A student loan is one in which a pupil borrows money from an outdoors source — while pupils must someday pay that money back in increments over time, their rates are often much lower than most because it is a student loan. Any in all, there are many different types of useful financial aid for all, especially students.

For the most piece, you are not able to file insolvency on federal student loans. If left unpaid, private loans default to government payment and are then deducted from your salary. As well, you are unable to purchase a home and so on., with a defaulted loan on record. The only way you would be able to file insolvency on such financial aid is if you are permanently disabled.

Like other forms of financial aid, a Pell Grant need to be applied for via the Totally free Application for Federal Pupil Assist(FAFSA). The Pell Grant is a needs-based grant and so is only accessible to pupils who show financial require. Unlike a student loan, the Pell Grant does not need to be repaid. The Pell Grant and other types of aid, for example federal loans, are automatically assessed when the FAFSA is submitted.

A student loan shouldn’t be used for other things than university related items. Financial aid and student loans, especially federal loans, are meant to be utilized for college related costs. If they aren’t, and you are caught then you may get in trouble and need to repay all assistance that you received.

When a student applies for and is conferred financial aid within the form of a student loan, they’re concurring to use this money for their education. By utilizing this money to pay off a credit card, a pupil is committing fraud. Within the event an unexpected educational expense arises, a student might find themselves in trouble.

Applying for a Stafford Loan is a simple job. FAFSA has a website you can go to to register for financial aid. While registering for financial aid, you may learn beneficial data about accepting a student loan and other federal loans from the government. It is a valuable tool for each and every student to utilize.

It really is essential to budget for federal student loans. One way many people budget for a pupil loan is by going to their own bank for budgeting advice and assist. From there an individual will learn valuable information to assist budget their pupil loans and their financial aid. It is really a totally free service provided by many banks.

Pupil Loan Insolvency

October 17, 2011 · Posted in Education · Comment 

Filing insolvency does not get rid of your student loans. You may file bankruptcy but that doesn’t mean that the loans could go away. Unless an assess thinks that paying it off will be too harsh and could place you in a worse position, they won’t think of getting rid of the loans. If they let you claim insolvency on your student loans, everyone could be doing it once they matriculate and then the government won’t have money accessible for financial aid within the future. That’s why there is really a law that protects the student loans within the event of insolvency.

There are a number of key differences between federal loans and a private student loans. While federal loans are backed by the federal government and must be applied for through FAFSA, private financial aid is through a private agency. Terms for private loans are very various and must be examined right before applying.

Established in 1994, FinAid is really a public service web site devoted to assisting pupils locate the financial aid they need, and understand it. They provide calculators to help you roughly calculate the cost of paying for school, as well as the repayment fees of a student loan. They as well provide links to databases of scholarship chances, as well as military and other forms of financial aid. They answer questions about federal loans, and the FAFSA application which is required for anyone seeking financial aid.

Yes, you could use your student loan for things other than tuition. It may not be a great idea if you’re trying to purse a college degree, however, mainly because you run the risk of being brief when it’s time to pay tuition. Federal loans, and other financial aid, is meant for school not for personal use.

There are lots of types of financial aid a pupil can obtain when attending a College full-time. While grants and scholarships should be recognized first, occasionally they don’t cover enough of the costs, and a student loan is needed. Federal loans are based upon a student’s financial needs, which is originally determined by FAFSA, and do not need a co-signer. Federal loans will be considered first, as they are frequently provided with fixed low APRs and flexible repayment plans.

Going to university can be fairly expensive. Those who aren’t fortunate enough to have college funds might find it difficult to afford without the help of a student loan. Even though most low income students receive financial aid, depending on the picked school, it might not cover all cost. However, most of these options are normally viewed as better choices to those attending school. Grants and scholarships don’t have to be repaid, and depending on the loan a student receives, it might not need to be repaid until school is finished. There is another option which is acknowledged by some to be as bad as loan sharking. This is the loan by-phone option. Firms who offer these types of loans could have the customer sign a post dated check in advance of the payout. The rates charged are unusually high, which frequently leaves the consumer in worse mold than they were in prior to accepting the loan. The legitimacy of these kinds of businesses have been questioned time and time again, but they carry on to run legally within the United States.

A Stafford Loan is a unique loan for college students that they can use for financial assistance to pay for their university. Students get these kinds of student loans / federal loans from registering at the FAFSA web site for financial assistance. After they register, they’ll get a letter within the mail explaining what they prepare for. Most Stafford loans are private loans from little banks, and not from the government.

How Private Pupil Loans Influence Insolvency

October 16, 2011 · Posted in Education · Comment 

Yes, a person can file insolvency on a private Student loans. Student loans are a type of financial aid. The individual need to prove that the repayment of a student loan could cause telling financial hardship. Different courts use different ways of determining adversity. If you can successfully prove hardship then your loans will likely be canceled.

The benefit of federal loans is that the interest is controlled through the government. This will generally mean you get a much better interest rate than a private student loans would provide. Additionally, the federal loans do not require repayment to get started until 6 months after graduation, or end of enrollment. This allows you to not start repayment until you graduate. There are also federal subsidized Stafford loans available in which the government pays the interest until the student graduates or drops out. Other student loans, specifically unsubsidized Stafford loans, could start to accumulate interest once they’re taken out. The federal student loans would allow the student to attend a much better college and not need to handle finding private bank capital to pay for it. This is especially beneficial given the time span in which the bank would want their money back. To find any of these types of funding sources, one should fill out the FAFSA and apply to your college for financial aid.

A private student loan is always obtained through an application at a bank or other financial group. An on-line search will produce a great deal of info on this. A variety of financial aid choices are available for students.

A Pell grant is a grant that the government awards pupils contingent on their financial aid needs. If students do not qualify for a Pell grant, they can apply for student loan and federal loans. To decide how much an individual qualifies for, they go to the FAFSA website and register themselves for the service.

FinAid is an aid for discovering financial aid for school. Financial aid might come in the form of scholarships, federal loans, grants or a private student loan. Usually, for any financial aid, the student must fill out a federal FAFSA form detailing their income, background, and expected family contribution.

A Stafford Loan is really a student loan that’s provided to students pursuing post-secondary education. To be able to apply for a Stafford loan, you must do a number of things. First, you need to be accepted to a university/college. Now you could apply for the loan. Next, you will need to fill out a FAFSA (Totally free Application for Federal Pupil Aid). Then, you will wait to receive your financial aid letter from your college/college, saying what financial aid you’re eligible to receive (this will or may not include eligibility to obtain federal loans). Finally, you should apply for a Stafford Loan.

Grace intervals are moderately essential when considering your student loans. Most forms of federal loans are “deferred payment,” meaning you do not have to pay anything while in school. Nevertheless, other forms of financial aid might need you to pay throughout your studies. In this case, make certain you locate a piece time job or other source of income to pay while in school.