Is AES success a federal student 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.
Do AES loans qualify for loan forgiveness?
The last loan forgiveness program for federal student loans with AES is loan forgiveness under the various income-driven repayment plans. The Department of Education offers 4 income-driven repayment options: Revised Pay As You Earn. Pay As You Earn.
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 through out the nation.
How do I contact AES?
You may also call 1-800-233-0557 (toll-free U.S. and Canada).
How do I know if my loans are federal or private?
For federal student loans, the top of a student loan bill will have the name of your student loan servicer and the name of your federal student loan program. For private student loan bills, you’ll see the name of your private lender on the bill instead.
Can I refinance my AES student loans?
If you have an AES student loan (or loans), you’ve probably wondered how to get a lower interest rate. The bad news: AES will not your lower your interest rate, even if you call and beg. But there’s good news, too. You can refinance your AES student loan through a private lender.
Are MEFA loans private or federal?
Pretty much every other college loan, including the MEFA Loan, is private and credit-based, which means students need to have a co-borrower with a strong enough credit history and score to be approved.
How do I know if my student loan is federal or private?
The best way of determining whether loans are federal or private is to log in to the National Student Loan Database, at www.nslds.ed.gov. The Department of Ed. makes it clear that only individual borrowers are allowed to log into this site, not third party companies or financial advisors.
What does AES stand for?
Advanced Encryption Standard
The Advanced Encryption Standard (AES) is a symmetric block cipher chosen by the U.S. government to protect classified information. AES is implemented in software and hardware throughout the world to encrypt sensitive data.
Are direct loans Federal?
A federal Direct Loan is a federal student loan made directly by the U.S. Department of Education. Generally, if you took out a federal student loan or consolidated your loans on or after July 1, 2010, you have a federal Direct Loan. There are four types of Direct Loans: Direct Subsidized Loans.
Are FFEL loans eligible for forgiveness?
Do FFEL loans qualify for loan forgiveness? FFELP was discontinued in 2010, but there are still borrowers who are repaying FFEL loans. If you’re looking for ways to get student loan forgiveness, your FFEL loans will hold you back. That’s because FFEL loans don’t qualify for forgiveness — only Direct Loans do.
What type of loan is Mefa?
based family education loan
The MEFA Loan is a non-need based family education loan funded by the Massachusetts Educational Financing Authority (MEFA). The fixed rate Undergraduate MEFA Loan allows students and their families to borrow up to the full cost of education less financial aid at Massachusetts colleges and universities.
