What Is an ACS Student Loan?

If you have ever borrowed money from the government through a student loan, there's a good chance an ACS student loan was part of the process. ACS stands for Affiliated Computer Services and they are a company that contracts with the government in dealing with student loans. Here are a few things that you need to know about the subject of ACS student loans. 

What They Do

When you borrow from the government in the form of a federal student loan, the government will typically outsource this loan to a private lender. ACS is a company that services a very high percentage of the loans that the government offers. They are not a government agency, but a private company. They simply service many of the loans that the government writes. The government still insures the loans if they go into default, but the rest of the process is handled by ACS. They work closely with the federal government in order to try and provide a solid student lending system. The government realizes the importance of secondary education for the future of the country and therefore, they work with a good company like ACS in order to provide a way for many students to attend school.


  • Convenience- When you have a loan with ACS, you will typically find it a very easy experience. You can access your account online, apply for a loan online, and make payments in several ways. Managing your loan can be a lot simpler and more convenient with the many services that ACS offers.
  • Support- If you run into any situations that require assistance, ACS has one of the most helpful support staffs around. They are there to help and they can do so in a number of different situations. If you cannot access your account, they will know what to do. If you cannot make your payment this month, they will work with you to find a solution. If you need help with anything that has to do with your ACS loan, the support staff is there to assist you.
  • Low rates- ACS student loans have very low interest rates that are typically mandated by the federal government. For example, if you get a Stafford student loan, there will be a designated rate for that particular year. 


Since the federal government typically initiates the loans, it is up to them to qualify you. For most government student loans, you will be approved as long as you are a United States citizen or a legal resident. If you do not have any outstanding debts against the federal government, then you should qualify. 

The programs that you qualify will vary based on economic need. Your economic need is determined by the FAFSA that you must fill out at the beginning of the process. The more your financial need is, the lower the amount of interest that you have to pay on your ACS student loan will be. 

Need a Student Loan? Click here!
blog comments powered by Disqus