The federal government's Student Loan Programs has awarded a contract extension to Affiliated Computer Services, Inc. (ACS) for a further 12 months. The extension from the U.S. Department of Education is valued at $200 million and will support servicing and collection during 2010.

ACS now enters the seventh year of the Common Services for Borrowers contract. Under this contract, ACS provides services including new loan bookings, loan consolidations, collection services, mailroom, customer care and payment processing.

This is the second consecutive contract extension given to ACS who have been managing the business operations of $175 billion in student loans to more than 12 million borrowers.