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How does ACS student loans education service work and is it beneficial?

I just graduated from college. I was able to fund my education with a private student loan. Now that I am done with my education, I will be expected to start making the loan repayments. The challenge is that I have no idea how to pay student loans. I have heard a lot of people talking about ACS student loans education service. From what they say, it is a good service if you need help with student loans. However, I do not have enough information about the service. I would like to know how it works and whether it is a great service for someone who doesn’t want to consolidate private student loans.

Timothy Norman

in Student Loans

1 answer

1 answer

Ross Pratt on January 10, 2018

Paying off loans is a challenge for most people. This is because there aren’t many guidelines on how to go about it. If you are in doubt or unsure how to pay a student loan it is always a good idea to seek help. Student loans ACS education services are very beneficial if you need help with a student loan.

ACS Education Services is a company that offers repayment services and provides customer care services for Federal Family Education Loan Programs, private education loans and campus-based loans. Some of the services you can expect to receive from this company include:

  • Forbearances and deferments applications

In cases where you are unable to make payments for certain reasons, you might apply for forbearance or deferments of your payments. However, there are certain conditions you will be expected to meet to qualify for this. If you qualify for forbearances and deferments, ACS helps you with the application process thereby making your work easier.

  • Repayment Reminder

Sometimes, it might be difficult for you to remember to make your monthly loan repayments because of numerous preoccupations. This might cause you to miss on your payments. With ACS at your service, this is something you do not have to worry about because they always send you a reminder.

  • Processing of Loan Forgiveness

If you qualify for loan forgiveness, ACS can process your loan forgiveness so that you no longer have to pay the loan. In most cases, loan forgiveness is offered to people who work for the federal government or offer teaching services. Be sure to go through your loan terms and conditions to find out whether or not you qualify.

  • Reporting of Loan Status

Every month, ACS reports their clients’ loan status to the nationwide consumer reporting agencies. This is something every person repaying a loan needs. It enables your credit information to be updated. This might come in handy when you need to borrow from a bank or any other financial institution that require your credit history information.

  • Sending of Statements

You will receive an email notification every time your student loan payment has been processed. This gives you peace of mind every because you are sure the money is getting paid. ACS Education Services is a great service whether or not you are thinking about consolidating private student loans.

Leigh Mann2 years ago

I highly recommend using ACS is you need help with student loans. When I completed my undergraduate studies, I began making monthly payments towards my private student loan. However, when I went to check the status of my loan, I was surprised to see that my payments were not being processed successfully. I had to go through a very long process to get the problem fixed. I believe getting assistance from an expert like ACS will prevent you from going through all this trouble. They make it easy for you to make payments, they remind you to pay your loans and even help you with difficult tasks like applying for deferments and forbearances. Whether you have just completed college or you have already started repaying your loan, ACS will be of great benefit to you. You will be glad you made the decision.

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