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Undergraduate Student Loans Article
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ACS Student Loans – What Exactly Are They?
from:ACS student loans are really no different than any other type of federal student loan, they are just processed by a specific company, namely ACS, Inc. ACS actually stands for Affiliated Computer Services, and they are an outsourcing company that handles many types of data processing and databases. The ACS student loans are any type of federal loan including but not limited to Stafford loans. The application process and if you will qualify for ACS student loans is entirely the same as with any other federal loan, the school must be accredited and approved for federal funding and you must be attending on a part-time basis.
ACS student loans may also include other types of loans such as loans from the campus itself. Since many schools and agencies don't have the manpower or resources to manage the loans, paperwork, repayment schedules and the many other detail in a loan they outsource the work to ACS, which is already set up to generate and store all the data needed. Federal Perkins loans are one such loan that is handled by ACS. In addition many other lenders use the ACS student loans system, meaning that going through ACS may result in a better overal loan that will more closely match your needs as a student.
One of the benefits to getting ACS student loans is that all your loan information is only a click of your mouse away. ACS has a full range of electronic services that can be accessed through a PIN number to provide security, just like an online banking service. Typical online options for ASC student loans include:
• Immediate account information on loan payments, balances and transactions
• Ability to make online payments at any time of the day or night from any computer worldwide
• Apply for various programs or services online
• Browse through different types of loans and loan services that may be of benefit to you
• Changes in personal contact information can be completed at any time
• Email notices of payments or specific dates or information about your loan can be sent to any email you designate
Most students find the ACS services are very simple and easy to use. With newer technology including PDA's and internet compatible cell phones, keeping up to date with your student loans through ACS is simple, easy and can be completed at your convenience. Like most lenders, ACS also allows students to apply for student loans over the computer. Parents wanting to apply for a PLUS loan have the same access and online service options as well.
Undergraduate Student Loans News
Senate Fails To Extend Low-Cost Undergraduate Interest Rate - Wall Street Journal
 AFP | Senate Fails To Extend Low-Cost Undergraduate Interest Rate Wall Street Journal A Republican plan to extend for one year a 3.4% rate on federally subsidized student loans went up in flames, failing by 34-62. A Democratic plan fared slightly better, but the 51-43 tally showed that support was too little to clear a 60-vote hurdle. Senate Leaders Urge Compromise as Impasse Continues on Student-Loan Interest Rate |
Changes to student loans that you should know about - Pocono Record
Changes to student loans that you should know about Pocono Record The total maximum that a dependent undergraduate student may borrow is $31000, of which $23000 may be subsidized. Independent undergraduate students may borrow up to $57500 total. There are no changes at this time to the other federal student loan ... |
Facebook IPO: The end of an era - Christian Science Monitor
 Christian Science Monitor | Facebook IPO: The end of an era Christian Science Monitor “Excessive borrowing for an education will be a dark cloud hanging over this generation for decades,” claims Dyke. ”Default rates on student loans for traditional undergraduate and graduate rates are currently as high as 15.8%, and as high as 48% for ... |
Student Loan Changes: What You Need to Know Now - U.S. News & World Report
 U.S. News & World Report | Student Loan Changes: What You Need to Know Now U.S. News & World Report The debates surround subsidized Stafford loans that undergraduate students will take out this year. By law, the interest rate on those loans is set to jump from its current 3.4 percent to 6.8 percent on July 1, though Congress is toying with a one-year ... Congress must act soon to avert federal student loan rate increase Best Strategy for Using Up College Savings? Grad School: Higher Degrees of Debt |
Discover Announces Fixed-Rate Private Student Loans - MarketWatch (press release)
 U.S. News & World Report | Discover Announces Fixed-Rate Private Student Loans MarketWatch (press release) RIVERWOODS, Ill., May 21, 2012 (BUSINESS WIRE) -- Discover Student Loans, one of the largest originators of private student loans in the United States, announced today new fixed-rate loans for undergraduate and graduate students with rates as low as ... New Book Warns Student Loans With Over $1 Trillion are Likely One of the Next ... Loans for students overhauled |