What is an ACE loan?
An ACE loan is an investment that can be used for private school tuition and for private and public college tuition.
The principal of the loan is determined by the amount of the student’s financial aid.
The loan is typically held in a savings account, but you can also borrow it on a regular basis through the Student Loan Servicer.
You can use an ACE to pay for a college education, an undergraduate education, or graduate school.
For example, if you’re a student in high school, you can take an ACE if you earn less than $25,000 a year.
You may also be eligible for an ACE at the University of Virginia.
The amount of an ACE depends on the amount you contribute to your 529 plan.
For more information, see the U.S. Department of Education’s ACE Guide.
What are the repayment options?
For more on repayment options, visit our article on 529 plans.
The federal government provides several repayment options that can help you plan for your college education.
These repayment options are based on the types of loan you’ve taken out.
Learn more about your options.
If you have any questions about your repayment options or the type of loan, call the Student Aid Office at 1-800-827-2337.
How much can I repay?
You can apply for an installment loan or a private loan if you: are under 18,