Aes american education services

What is AES education?

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.

What type of loan is American education services?

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 American Education Services legit?

You may even have thought it was a scam . But, in fact, AES is a legit loan servicing company. It’s not unusual for people to have thousands of dollars in student debt—and not know who their loan servicer is.

Can AES loans be forgiven?

Here’s a question I get: My student loans are with AES , can I still qualify for loan forgiveness ? The short answer is likely not. For the student loans American Education Systems acts as a student loan servicer for, there simply aren’t many loan forgiveness programs available.

Are student loans forgiven after 20 years?

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.

Is AES symmetric or asymmetric?

AES is a symmetric algorithm which uses the same 128, 192, or 256 bit key for both encryption and decryption (the security of an AES system increases exponentially with key length).

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Are AES and FedLoan the same?

It’s important to know AES is actually part of a bigger company, PHEAA. The Pennsylvania Higher Education Assistance Agency also operates as FedLoan . So, while AES and FedLoan are separate components, they are both part of the much bigger PHEAA. And PHEAA has been in the news lately.

Is AES now Navient?

Your private student loans will move from American Education Services ( AES ) to Navient . Navient will soon be servicing a group of loans that includes one or more of your private student loans . Once your loans are on our system, Navient will become your new private student loan servicer.

What does Subcns mean?

Subsidized Consolidation Loan

What happens if you never pay your student loans?

If you miss a payment on your federal student loans you have 270 days to make a payment before your debt goes into default. Once federal student debt is in default, the government is able to garnish your wage, your Social Security check, your federal tax refund and even your disability benefits.

Are all student loans Federal?

Generally, there are two types of student loans — federal and private. Federal student loans and federal parent loans : These loans are funded by the federal government. Private student loans : These loans are nonfederal loans , made by a lender such as a bank, credit union, state agency, or a school.

Is Navient a federal loan?

Navient is one of the largest federal student loan servicers. It also services private student loans from various lenders. If you don’t find your loan information through studentaid.gov, you have a private student loan .

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What is AES student loan forgiveness?

Forgives the remainder of your Direct Student Loan balance after you make 120 qualifying payments under an eligible repayment plan, while employed full-time for a qualifying public service-organization. Death. You the borrower die, then your loans may be discharged.

Will student loans be forgiven?

If you repay your loans under a repayment plan based on your income, any remaining balance on your student loans will be forgiven after you make a certain number of payments over a certain period of time.

Is AES National Collegiate Trust?

AES is your student loan servicer. AES is just a loan servicer, and they mainly deal with private student loans. Most often, the lender they are servicing for is the National Collegiate Trust .