Conduent Education Services, formerly known as ACS Education Services, was a company that serviced private, campus-based and federal student loans. It closed on Sept. 1, 2019, and transferred its loans to other servicers.
Also know, did ACS become Conduent?
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.) For those with ACS student loans, there wasn’t supposed to be much change.
People also ask, is Conduent being sold?
Conduent, the large process-services company, is selling off a small chunk of its government technology business to Avenu. The move, which Conduent referred to in a press release as part of a larger plan to divest itself from “non-core assets,” will see the company transfer six specific business areas to Avenu.
Is Xerox now Conduent?
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.
What does Conduent company do?
Conduent delivers business process outsourcing (BPO) solutions that ignite efficiency, savings, and revenue growth across industries. It’s why 80% of the Fortune 100 and over 500 governments depend on us to drive exceptional outcomes for their organizations and the millions of people they serve.
What happened to the Direct Loan Servicing Center?
Since The Direct Loan Servicing Center contract has ended, student loans will be transferred to different companies the government will manage during the next several months. … The July 26 announcement says the loan-servicing platform used by the four nonprofit servicers will no longer be available.
What is ACS in education?
Western Association of Schools and Colleges.
What is ACS Navient?
Navient Is a Servicer to Federal Student Aid
You have a network of support to help you succeed with your federal student loan repayment.
Where did my ACS loan go?
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.
Where did my Conduent student loan go?
Conduent Education Services (formerly ACS Education Services) was a student loan company that serviced campus-based, private, and federal student loans. It shut down operations September 1, 2019, and all of its loans were transferred to other loan servicers.
Who bought ACS?
On September 28, 2009, Xerox Corporation announced plans to acquire ACS in a $6.4 billion transaction. The deal closed on February 8, 2010.