Are AES loans direct loans?
You have eligible Direct Loans: Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans (made to parents or students), Direct Consolidation Loans, and Special Direct Consolidation Loans. You make 120 qualifying payments on an eligible repayment plan.
Is AES a private student loan lender?
The loans AES services are either federal student loans owned by a guaranty agency or are private student loans owned by someone other than the federal government.
What are AES loans?
American Education Services (AES) is a student loan servicer for Federal Family Education Loan (FFEL) program loans. FFEL loans include Stafford Loans, Unsubsidized Stafford Loans, Federal PLUS Loans, and Federal Consolidation Loans.
Can Direct PLUS loans be forgiven?
Are Direct PLUS Loans eligible for Public Service Loan Forgiveness (PSLF)? Yes. Direct PLUS Loans are made to graduate or professional students and to parents of dependent undergraduate students. Like other Direct Loans, Direct PLUS Loans are eligible for PSLF.
Can I pay AES loan with credit card?
AES does not accept credit cards or debit cards for payment. As an alternative to a debit card, you can consider using direct debit from your bank account, which may also earn you a discounted interest rate on your loan.
Is AES down right now?
Aessuccess.org is UP and reachable by us.
What is the purpose of a bank AES?
In addition to managing and collecting payments from borrowers, AES performs a number of other essential duties including: Helping borrowers manage and change payment due dates. Supporting various federal income-driven repayment plans in addition to the Standard Repayment Plan.
What kind of loans does AES services offer?
AES also guarantees the loans, meaning it agrees to repay the debt should the borrower default. The loans that AES services may be either private student loans or federal student loans borrowed through the FFEL program, but they won’t be any type of loan other than FFEL.
What do you need to know about a direct plus loan?
What is a Direct PLUS loan? Direct PLUS loans are federal loans that graduate or professional degree students and parents of dependent undergraduate students can use to help pay for education expenses. Direct PLUS loans have a fixed interest rate and are not subsidized, which means that interest accrues while the student is enrolled in school.
Can a federal student loan be consolidated with AES?
– Federal consolidation of AES loans, or any federal government loan, is all about program eligibility. Some federal student loans, such as FFELP loans, are not eligible for all of the Income-Driven Repayment Plans, and these same loans are not all eligible for Public Service Loan Forgiveness.
Who is American education services ( AES ) and what does it do?
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.