Is AES success down?
Aessuccess.org is UP and reachable by us.
What is AES student loan?
AES is a student loan servicer and guaranty agency created by the Pennsylvania Higher Education Assistance Agency (PHEAA) to oversee FFEL Loans and private student loans. As a guarantor, AES agrees to pay a debt when the borrower defaults on a federal student loan.
What happened to ACS student loans?
Conduent Education Services (formerly ACS Education Services) was a student loan company that serviced campus-based, private, and federal student loans. It shut down operations September 1, 2019, and all of its loans were transferred to other loan servicers.
What happened to Conduent loans?
Conduent Education Services, formerly known as ACS Education Services, was a company that serviced private, campus-based and federal student loans. It closed on Sept. 1, 2019, and transferred its loans to other servicers.
Is AES National Collegiate Trust?
AES was established by the Pennsylvania Higher Education Assistance Agency (PHEA), which is the nation’s second largest student loan servicer. In the private loan marketplace, AES is one of the primary servicers for National Collegiate Trust (NCT).
Is AES considered a federal loan?
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.
What is an interest rate AES?
Fixed interest rates are 2.75% – 6.04% APR (2.50% – 5.79% APR with Auto Pay discount). Starting variable interest rates are 2.13% – 5.89% APR (1.88% – 5.64% APR with Auto Pay discount). Variable rates are based on an index, the 30-day Average Secured Overnight Financing Rate (SOFR) plus a margin.
Did ACS become Conduent?
ACS Education Services was renamed Conduent Education Services in January 2017. (Conduent is a spinoff of Xerox, which acquired ACS Education as part of its purchase of Affiliated Computer Services in 2010.) For those with ACS student loans, there wasn’t supposed to be much change.
Is Great Lakes still servicing student loans?
Due to the government’s new Next Gen Business Process Operations initiative, Great Lakes and its parent company Nelnet will no longer service federal student loans after December 2020. If Great Lakes is your current loan servicer, The Department of Education will assign you a new loan servicer.
Who bought ACS?
On September 28, 2009, Xerox Corporation announced plans to acquire ACS in a $6.4 billion transaction. The deal closed on February 8, 2010.
What is ACS in education?
Western Association of Schools and Colleges.