What is an AES student?
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.
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.
Is AES federal student loans?
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.
Who bought ACS student loans?
Conduent Business Services
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.
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.
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.
Do I qualify for the Navient lawsuit?
Even if you have not received an email regarding this lawsuit , but you have declared bankruptcy since October 2005 and you had, at the time of your bankruptcy, student loans owned and/or serviced by Navient Solutions and/or Navient Credit Finance Corporation, then you may be eligible to join this lawsuit .
Is AES legitimate?
If AES is your loan servicer, you might have gotten something in the mail from them—and not known what it is. 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.
Do student loans go away if you die?
If you die , then your federal student loans will be discharged after the required proof of death is submitted.
Can student loans be forgiven after 10 years?
The Public Service Loan Forgiveness program discharges any remaining debt after 10 years of full-time employment in public service. The borrower must have made 120 payments as part of the Direct Loan program in order to obtain this benefit.
How do I know if my student loan is federal or private?
Another way for you to determine if you have a federal loan is by accessing the National Student Loan Data System (NSLDS®) site using your FSA ID. The NSLDS site displays information on all federal loan and grant amounts, outstanding balances, loan statuses, and disbursements.
Who has my student loan debt?
To find out who your loan servicer is, call the Federal Student Aid Information Center (FSAIC) at 1-800-433-3243. Great Lakes Educational Loan Services, Inc. Default Resolution Group (also known as Maximus Federal Services, Inc.)
What happened to ACS student loans?
If you have ACS student loans , your servicer is now Conduent. Conduent acquired ACS Education Services in 2017, an acquisition that’s caused some confusion among borrowers whose student loans were serviced by ACS .
Where did my Conduent student loan go?
Your Conduent -serviced loans will transfer to Navient as your new servicer. Once your loans move to Navient, you’ll have online access to a new suite of tools and products to help you manage your loans .