What is acs education

What happened to ACS student loans?

If you have ACS student loans , your servicer is now Conduent. Conduent acquired ACS Education Services in 2017, an acquisition that’s caused some confusion among borrowers whose student loans were serviced by ACS .

Is ACS now Conduent?

Overview of Conduent Education (formerly ACS ) ACS Education Services was renamed Conduent Education Services in January 2017. ( Conduent is a spinoff of Xerox, which acquired ACS Education as part of its purchase of Affiliated Computer Services in 2010.)

How do I contact Conduent education?

No, you can still make your monthly payments at www.conduenteducation.com, via mail to the same address on your bill, or by calling our Customer Care department at 1-800-835-4611.

Is American education services a federal loan?

American Education Services ( AES ) is a federal loan servicer that processes FFEL loans . While the FFEL program was discontinued, AES still handles borrowers in repayments, and it also services some private student loans for other lenders.

Who bought ACS student loans?

Conduent Business Services

Who took ACS student loans?

CNET. “Xerox Buys ACS for $6.4 billion.” Accessed July 9, 2020. Federal Student Aid.

Where did my Conduent student loan go?

Your Conduent -serviced loans will transfer to Navient as your new servicer. Once your loans move to Navient, you’ll have online access to a new suite of tools and products to help you manage your loans .

Is Conduent Xerox?

Xerox Completes Separation of Conduent , Begins New Chapter as Focused Industry Leader in Digital Print Technology. Xerox (NYSE: XRX) today announced it has completed the separation of Conduent Incorporated (NYSE: CNDT), creating two market-leading, publicly- traded companies. “Today is an historic day for Xerox .

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What happened to Conduent?

Shares of Conduent (NYSE:CNDT) dropped 20% on Friday after the business services company backed away from divesting assets. It also reported fourth-quarter results that missed expectations and warned of a revenue decline in 2020.

Who has my student loan debt?

To find out who your loan servicer is, call the Federal Student Aid Information Center (FSAIC) at 1-800-433-3243. Great Lakes Educational Loan Services, Inc. Default Resolution Group (also known as Maximus Federal Services, Inc.)

How do I contact Conduent?

Please call us at 1-844-ONE-CNDT ( 663-2638 ) Monday through Friday between 8:00 a.m. and 7:00 p.m. Eastern Time for assistance.

Can AES loans be forgiven?

Here’s a question I get: My student loans are with AES , can I still qualify for loan forgiveness ? The short answer is likely not. For the student loans American Education Systems acts as a student loan servicer for, there simply aren’t many loan forgiveness programs available.

Is AES legitimate?

If AES is your loan servicer, you might have gotten something in the mail from them—and not known what it is. But, in fact, AES is a legit loan servicing company. It’s not unusual for people to have thousands of dollars in student debt—and not know who their loan servicer is.

Are all student loans Federal?

Generally, there are two types of student loans — federal and private. Federal student loans and federal parent loans : These loans are funded by the federal government. Private student loans : These loans are nonfederal loans , made by a lender such as a bank, credit union, state agency, or a school.