American education services payment

Can you pay AES with a credit card?

What type of accounts can I use to pay online? You can use either a checking or savings account. At this time, we do not accept debit or credit cards . When will AES deduct the funds from my account?

Who is American education services?

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 American education services a private lender?

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 I use a credit card to pay off student loans?

You typically can ‘t pay student loans with a credit card directly to your student loan servicer or lender. It’s possible, however, to use a third-party payment service or a line of credit to pay student loans —say, by transferring them to a card with a 0% APR period or by taking out a cash advance.

Can you use a credit card to pay a loan?

You can pay a loan with a credit card directly in the rare cases it’s accepted, or by using either a credit card balance transfer or a third-party money transfer service to pay the loan .

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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.

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.

Can I go to jail for not paying a student loan?

No, you cannot go to jail or be arrested for not paying your student loans . Failing to pay a student loan , credit card, or hospital bill are considered “civil debts” and you cannot be arrested for not paying your student loans or civil debts. Ultimately, failure to repay student loans could result in wage garnishment.

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.

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.

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What does Subcns stand for?

Subsidized Consolidation Loan

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 .

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.