There are many options when it comes to handling student loans, and it may be confusing to wade through all of them. Over and over again, American Education Services (AES) appears in this labyrinth. So, how might AES benefit you, and what is it anyway?
If you are a student, you might be familiar with the AES. The AES provides students with easy student loans in an organized way. For those who are not aware of its services of loans, this piece is a mine.
What is American Education Services?
American Education Services, or AES is a nationwide student loan-providing organization through the Federal Family Education Loan Program (FFELP) for the Pennsylvania Higher Education Assistance Agency (PHEAA). It was created by the PHEAA but now also has enhanced its services throughout the country. It focuses on both FFELP and Private student loans.
Services Offered by American Education Services (AES)
Multiple services are offered by the AES for the students to manage their educational loans effectively. I have broken down those in the below section.
Loan Service:
Loan service is the heart of the AES doings. The main function is billing, processing, and keeping track of the loan balance. You won’t have to lift a finger to keep up with your loan payments due to this service.
If you are stuck with any loan service issue, you can ask for help anytime to the support team. AES also teaches you how to get your account out of default and regain financial stability.
Repayment Plans
AES provides borrowers with a convenient and flexible repayment option for student loans. In complying with his/her financial situation, AES has multiple plans. The income-driven repayment (IDR) plan can modify payments for some borrowers.
If a borrower is qualified, they can take advantage of modifications to their IDR and PSLF through the Direct Loan Consolidation program.
Financial Aid Guidance:
To aid in the simplification of this vital procedure, American Education Services (AES) offers thorough instructions. Scholarships, grants, government and private loans, and other forms of financial assistance are all available to students and their families, and AES is here to help.
Scholarships and grants are generally the best types of financial aid since they do not demand repayment. This guide begins by helping students find and apply for these opportunities.
Direct Debt:
AES provides direct debit service for students to comply with its motive of providing aid to students easily. Active Direct Debit payments are also able to qualify for an interest rate reduction. Payments over the AES are performed automatically and are not late in any circumstances.
How to Apply for AES Services?
Applying for American Education Services is not a tough endeavor if you are a student. I have written some steps to help you go smoothly in the below part.
Go to the official website of the AES, https://www.aessuccess.org/
If you are new here then you have to click on Create an Account otherwise you can log in while putting your credentials through Sign in Options.
On creating an account you have to provide all of your national credentials.
First, their complete loan management services ease the procedure. AES offers online account management, various repayment choices, and trustworthy customer service. Additionally, their longstanding reputation builds trust.
Final Words:
It is obvious that in this era of inflation, it is hard to streamline your finances. But if you are a student then you can opt out for American Education Services. Despite this, there are also many other options available as I earlier discussed but as per my research, it seems more convenient than others.
For students, I have developed this guide to know about the basic services and starting of the AES loans. Understanding and using AES’s offers may improve your finances, whether you’re starting out or deep in debt.
FAQs:
Is AES private or federal?
AES is a Federal institution.
How do I contact American Education Services?
You can contact AES by phone, email, or through their website’s contact form.
What repayment plans does AES offer?
Standard, progressive, and income-driven repayment options are available from AES.
Does AES qualify for student loan forgiveness?
American Education Services (AES) services private and federal student loans, however, only federal student debts are forgiven.
