Sorting Your Web Of Debt With Acs Student Loan Consolidation
Of all the mistakes you can make as a student, one stands high above the others; falling behind on your student loan debt and defaulting. This is
something that can follow you well into your professional career. With ACS student loan consolidation, though, you can sort through the loans and
give yourself the ability to relax and breathe a little easier.
If your student loans are so high that just doing the math gives you a major headache, ACS student loan consolidation can combine all your loans into
only one or two loans, and use one simple account for you to make payments.
If you are in danger of defaulting on your student loans, consolidation is something well worth considering. Defaulted loans can have negative effects
on your credit and finances, and these effects last for years, well after you have graduated.
If it has been long enough since you defaulted, the federal government can actually deduct 15 percent of your paycheck to repay your student loans.
The United States Treasury can also take your tax refunds and apply them towards your student loan balances as well. Beyond these acts, your
defaulted loans also appear on your credit report, which can prevent you from being able to buy a house or car, credit card, and in some cases can
work against you when trying to get a job or rent an apartment.
You can apply for ACS student loan consolidation via their website, and even use the site to pay and manage your loans. The method used to pay
your loans on the site is called ExpressPay. The entire consolidation process is paperless, with all documents signed using only an electronic
There are three types of ACS student loan consolidation programs that student debtors may apply for. There is the STAFFORD loan, which is for
undergraduate students who are obtaining the loan for themselves. The PARENT PLUS is for parents or guardians who are taking out a loan on behalf
of the students. The GRADUATE PLUS loan, meanwhile, is for graduate