ACS Receives Contract Extension to Service Federal Student Loan Programs

* Reuters is not responsible for the content in this press release.

Thu Oct 22, 2009 8:05am EDT

DALLAS--(Business Wire)--
Affiliated Computer Services, Inc. (NYSE: ACS) 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 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,
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)
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. 

About ACS

ACS, a global FORTUNE 500 company with approximately 76,000 people supporting
client operations reaching more than 100 countries, provides business process
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." Learn more about ACS at 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.

Affiliated Computer Services, Inc.
Investor Relations Contact:
Jon Puckett, 214-841-8281
Vice President
Investor Relations
jon.puckett@acs-inc.com
or
Media Contact:
Ken Ericson, 202-378-2692
Director
Corporate Communications
ken.ericson@acs-inc.com



Copyright Business Wire 2009

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