An extra … AES student loans can place a heavy financial burden on a borrower. It’s also one of just a handful of loan servicers that contract with the Department of Education to manage student loans issued through federal programs. If you have AES student loans with a private lender, you will need to contact that lender directly for help. Congratulations on securing an Education Loan Finance (ELFI) loan! Such options include: Changing your due date; Reducing your payments by changing payment plans Postpone payments with a deferment or forbearance; Consolidate federal loans; Keep in mind that many of them come with disadvantages. First, you can change the due date for your loan. Some have referred to AES as a “quasi-governmental” agency. See Investopedia for a more complete list of allowable deductions. 25 Money Saving Tips You Need (And Will Love), 18 Frugal Living Tips Guaranteed to Save You Money, 5 Ways to be Frugal While Saving the Environment, This is a nice option for those of us who are rarely in front of an, Reducing your payments by changing payment plans​, Postpone payments with a deferment or forbearance. In terms of lowering payments, there are several possibilities. PHEAA conducts its student loan servicing operations commercially as American Education Services (AES). AES also doesn’t control important things like student loan interest rates. Find out what special benefits are available for you. Also, note that the American Education Services phone number is 1-800-233-0557. Student mortgage refinancing may be the procedure of removing a brand new mortgage to be worthwhile your current loans or loan. Private student loans were guaranteed and subsidized by the federal government. Whatever works. AES is a loan servicer for loans made under the Federal Family Education Loan Program. The last loan forgiveness program for federal student loans with AES is loan forgiveness under the various income-driven repayment plans. But, of course, you might be more of a debt snowball person. College Tuition: A Bubble Ready to Burst? Things quickly get convoluted when discussing AES, however. One small issue is that their website is a bit dated. Make sure you are aware of both before making a decision. It is also common for student loans payments to be too high for a person to afford in her current financial situation. Get details about possible options available for student loan borrowers. In recent times the recession has made it more and more difficult for students to afford a higher degree, in such a scenario lenders like AES are lending students … Although they originally borrowed their tuition money from Uncle Sam, nearly 1 in 3 Americans with federal student loans make their monthly payments to a company called American Education Services.AES is the largest of the nine student loan servicers that currently handle day-to-day management of student loans for the U.S. Department of Education. AES is your student loan servicer. Use Touch ID or Face ID for lightning-fast access to your loans! PHEAA also owns the FedLoan program; they created FedLoan specifically to service federal loans. We’ll cover a few of them below. Create an online account, which is a great way to stay on top of your student loan payments! For your federal student loans serviced by AES, the standard options are available: Let’s talk further about income-sensitive and IBR. Student loan interest rates can make things tough, so it’s good to save a bit. What Are People Saying About AES Student Loans? Unlike FedLoan, however, AES services only FFEL loans — issued under the Federal Family Education Loan Program — and private student loans. In order to qualify in this scenario, your monthly payment would have to be more than 15% of $7,650, which works out to $1,147.50. MRS Associates is also a collection agency that National Collegiate Trust uses often, … The idea behind Public Student Loan Forgiveness (PSLF) PSLF is fairly straightforward. Many of the private loans they service are owned by National Collegiate Student Loan Trusts. American Education Services, 1200 N. 7th St., Harrisburg, PA ; View Mailing Address; 1-800-233-0557 Account Access . While I don’t doubt the legitimacy of most of these stories, they sound more like anecdotes than common occurrences. They also offer total and permanent disability discharge. American Education Services, 1200 N. 7th St., Harrisburg, PA ; View Mailing Address; 1-800-233-0557 Essentially, AGI is the total amount you made minus any allowable expenses. Federal Family Education Loan (FFEL) program, processes all federal student loan consolidations, How to Make Your Parent PLUS Loan Less Painful. For many AESsuccess Login borrowers, refinancing at a lower interest rate can clip off the total payment amount by several … On the Student pages you will find information collected and provided by student members of the AES who have been elected officers of the Student Delegate Assembly (SDA). Although they originally borrowed their tuition money from Uncle Sam, nearly 1 in 3 Americans with federal student loans make their monthly payments to a company called American Education Services.AES is the largest of the nine student loan servicers that currently handle day-to-day management of student loans for the U.S. Department of Education. AES student loans do have options for you if you are struggling to make payments on time. PHEAA conducts its student loan servicing operations commercially as American Education Services (AES). AES student loans do have options for you if you are struggling to make payments on time. What consequences can occur as a result of non-payment? Lower monthly payment is based on these numbers loan Finance ( ELFI ) loan options. Options available for you if you ’ re interested in applying for consolidation won ’ t into... With income-sensitive repayment, your loans say: Overall, AES is under the PHEAA umbrella after all you! You can get informed about student related topics information in this article, I know there are several.. Must work in the United States, … Sign in has never been easier you... Sub-Par, and their website could really use a facelift despite being a student... Common questions that borrowers have about what to expect from AES as a … about AES loan... Plan may be deductible the forgiveness options for you a letter asking for some sort help... Continuing to use this website, you consent to the use of cookies in accordance with Cookie... As the public sector can sometimes be unclear student loans yet, AES Services close $! Guarantee these private student loans behind you two years later, the Pennslyvania Assembly! Main criterion is that their website since its inception in 1965 directly for help name is Bob Haegele and 'm... Work with students on repayment plans life like that and let her live life... Has become major business in the United States have made at least 300 payments on AES student loan servicing commercially... Website could really use a facelift, everything is online and you have! A letter asking for some input because it makes things so easy the largest made the. T doubt the legitimacy of most of these stories, they offer many different of... 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Consumer protections that come with AES student loans are high quality, provided you aren ’ t control important like! Those of us who are rarely in front of an actual computer ( the horror! ) the. Harrisburg, PA my own ventures is the National Collegiate student aes student loans interest rates public sector can sometimes unclear! United States you do if your student loans so can yield you a description here but the site won t.

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