United States : ACS Receives Contract Extension to Service Federal Student Loan Programs.Byline: shiv03 Affiliated Computer Services Affiliated Computer Services (ACS) (NYSE: ACS) is a Fortune 500 company that provides information technology outsourcing as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. , Inc. (NYSE NYSE See: New York Stock Exchange : ACS (Asynchronous Communications Server) See network access server. ) has been awarded a 12-month contract extension to support servicing and collections for the federal government s Student Loan Programs. The extension from the U.S. Department of Education is valued at $200 million and covers the 2010 calendar year. This is the second consecutive contract extension given to ACS for meeting performance goals, highlighting the company s quality service in managing the business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets of $175 billion in student loans to more than 12 million borrowers. With a long-term partnership of more than 15 years, ACS continues to help the Department of Education provide quality service to borrowers, said Tim Conway Tim Conway (born December 15, 1933) is an American comedic actor. Conway was born Thomas Daniel Conway, but changed his first name to "Tim" to avoid confusion with actor Tom Conway. He was born in the Cleveland, Ohio suburb Willoughby and grew up in nearby Chagrin Falls. , senior vice president and managing director, ACS Federal Solutions. We will continue to commit ourselves to the program that is vitally important to help make higher education possible for so many people. ACS now enters the seventh year of the Common Services for Borrowers (CSB CSB Kashubian (SIL code, Poland) CSB Chemical Safety and Hazard Investigation Board CSB Chemical Safety Board (Washington, DC) CSB Community Services Board CSB Computational Systems Bioinformatics ) contract, which consists of a five-year base period followed by three potential performance-based award years and two option years. Under the CSB contract, ACS provides services including new loan bookings, loan consolidations, collection services, mailroom, customer care and payment processing. ACS is a leader in student loan administration. In addition to service to the Department of Education, ACS provides business process solutions to commercial clients, serving more than 500 education clients representing nearly 900 campuses as well as many of the largest lenders and secondary markets in the country. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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