Loyola University Maryland

Office of Financial Aid

Your Responsibilities as a Loyola University Student Loan Recipientv

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Affiliated Computer Services, Inc. (ACS)

All recipients of a Loyola Student Loan will be billed each month by ACS, P.O. Box 7060, Utica, NY, 13504-7060. Please make checks or money orders payable to Loyola University Maryland and include your Social Security number preceded by 03411.

Change of Name or Address

It is the borrower's responsibility to promptly notify ACS at 1-800-826-4470 when there is a change in name or address. Always include your Social Security number, which is your account number.    

Interest

Interest will begin to accrue on your loan at the end of the grace period. The rate of interest is 5.0% annually calculated on the unpaid principal balance.

Principal Balance  x  0.0500  /  12  =  Interest Due