How do I contact AES?
You may also call 1-800-233-0557 (toll-free U.S. and Canada).
What is AES student loan?
American Education Services ( AES ) was established by the Pennsylvania Higher Education Assistance Agency (PHEAA) to guarantee and service a variety of Federal Family Education Loan Program ( FFELP ) and private (alternative) student loan products for our lending partners throughout the nation.
Who bought ACS student loans?
CNET. “Xerox Buys ACS for $6.4 Billion.” Accessed May 10, 2021.
Where do I mail IDR application for FedLoan servicing?
You may withdraw consent at no charge by changing your electronic delivery preferences in Account Access or by contacting us at 1-800-699-2908, [email protected] , or FedLoan Servicing, P.O. Box 69184, Harrisburg, PA 17106-9184.
Are AES loans federal or private?
American Education Services (AES) is a federal loan servicer that processes FFEL loans. While the FFEL program was discontinued, AES still handles borrowers in repayments, and it also services some private student loans for other lenders.
Is AES success federal or private?
Where did my student loan get transferred to?
Student loans are often transferred to a new servicer, either from a company buyout or federal loans being transferred. However, in general, having your loans transferred shouldn’t affect your repayment plan.
Who owns American education?
the Pennsylvania Higher Education Assistance Agency
What Is American Education Service? AES is owned by the Pennsylvania Higher Education Assistance Agency (PHEAA) and was established to service and guarantee FFEL and some alternative private student loans.
Are student loans forgiven after a certain amount of time?
Student loan forgiveness is possible after 20 years if you’re only repaying undergraduate loans, or after 25 years for any of the loans you’re repaying from graduate school or professional study. Student loan forgiveness is possible after 25 years of repayment.
Are income driven repayment plans forgiven after 20 years?
The term “income-driven repayment” describes a collection of plans that calculate a borrower’s monthly student loan payment based on their income. Importantly, any remaining balance would be forgiven at the end of the plan’s repayment term, which is either 20 years or 25 years, depending on the specific program.