DALLAS, July 18 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. (NYSE: ACS) , 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. The contract with AHELA highlights ACS as choice provider.
"ACS is the only national, independent loan servicing provider in the industry, and this is one of the main reasons we chose them as our BPO partner," said Shelly Murphy, executive director of AHELA. "We anticipate significant growth for AHELA in the coming years, and we are very pleased to have ACS as our preferred BPO provider, bringing best-in-class student loan origination and servicing expertise to students and parents across our state."
"ACS has consistently distinguished itself as a preeminent provider of loan servicing and origination, and we are gratified to be supporting Arizona's state-designated, non-profit entity, AHELA," said Ann Vezina, Group President of ACS Commercial Solutions. "We're a partner, not a competitor, to our clients and we look forward to fostering AHELA's growth and helping the organization provide more education opportunities to residents throughout Arizona."
AHELA is a nonprofit corporation designated by the State of Arizona. As a State authorized nonprofit, AHELA's mission is to provide low-cost education financing solutions for Arizona students and their parents. AHELA is solely focused on increasing access to higher education through its loan programs and related services, as well as developing scholarships, high school outreach, and early awareness programs within the communities it serves. To learn more, visit http://www.ahela.org/ .
ACS, a global FORTUNE 500 company with more than 55,000 people supporting client operations reaching nearly 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS". ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com/ .
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
Website: http://www.acs-inc.com/
Website: http://www.ahela.org/