Today is

By: Ikedi Ani-okoye

Affiliated Computer Services – ACS student loan consolidation

The introduction of Student loans have left student in a situation where they have had to organize their  loans ACS Student Loan Consolidation is high on the list for must students now. The ACS Student Consolidation system is the brain-child of the Department Of Education (DoE). As you could imagine it hasn’t come with out its problems. ACS is the Affiliated Computer Services, they manage your student loan payments on a single user face computer service, there by consolidating all your loan payments in one place.

In 2006 25th of August  there was a problem with the ACS student loan consolidation process, Federal aided students who attempt to access the ACS Student loan consolidation system to manage their accounts were left exposed. This was highlighted by a spokes man of the ACS student loan consolidation program i.e an Affiliate Computer Services representative. It was said that a person that logged into the system to view parts of the system at the same time as another may have viewed sensitive information. Information on the ACS Student loan consolidation system that would have been exposed was said to be sensitive information entered by the previous person, such as name, Social Security number and birth date.

The DoE’ s ACS student loan consolidation system has since undergone testing and the problem allegedly recitified. Exposed recipients have also been contacted and notified.

There has also been similar breaches of the ACS student loan consolidation systems Texas Guaranteed Student Loan company said up to 1.3 million borrowers were at risk of ID theft.
An alternative to an ACS Student loan consolidation account.

You can join one of the many companies helping students manage all their acs student loan consolidation from there systems, by logging in to your accounts and managing them. This will give you more security, you must find a company with a good reputation.

Usual requirements  of an ACS Student Loan Consolidation company

1) - Minimum amount outstanding usually $10,000 in Federal loans
2) - No federal loans in default or serious repayment problems.
3) - Must be graduated or very close.

Advantages of a ACS student loan consolidation company

reduce your monthly payment by as much as 53%. Lock in interest rates and protect yourself from future increases.
bundle all of the federal direct student loans you received to finance your college education into a single loan.
Can improve your credit rating.
 
Matches your repayment  and terms to your financial situation. There is usually no fee, application or origination charges associated with an application
No credit checks, if you go with an ACS student debt consolidation company it has the added benefit of peace of mind in knowing that all your debts are in one place.