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ACS Wins BPO Contract with Arizona Higher Education Loan Authority
DALLAS, July 18 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. (NYSE: ACS - News), a premier provider of business process outsourcing and information technology solutions, announced today that it has entered into a business processing outsourcing (BPO) contract with the Arizona Higher Education Loan Authority (AHELA), a state-designated non-profit organization that provides low-cost education financing solutions for Arizona students and their families.
Under the terms of the contract, ACS will provide Stafford and PLUS loan origination and servicing for AHELA. A nationally renowned leader in student loan servicing and origination, ACS continues to solidify its position as a leading choice among colleges and universities, and among many of the largest lenders and secondary markets in the country.
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Report: New York Students to Pay at Least $2400 More for College ...
ALBANY, N.Y., June 30 /U.S. Newswire/ -- New York students will have to pay $2400 to $2854 more in college loans beginning Saturday, according to a new report released today by the research arm of the Campaign for America's Future. College students and graduates will be pushed deeper into debt as interest rates on Stafford loans -- the basic student loan -- rise from 5.3 percent to 7.14 percent on old loans and to 6.8 percent on new loans at the end of this week.
Parents that take out PLUS loans to help their children pay for an undergraduate education also face rising interest rates. This Saturday, rates on PLUS loans will increase from 6.1 percent to nearly 8 percent for existing loans and to 8.5 percent on new loans, costing the average parent nationally an extra $3000 and $3953 respectively.