We recommend an educated things due to an independent remark procedure, and entrepreneurs don’t influence our very own picks. We would receive payment for people who visit lovers we advice. Discover all of our advertiser revelation for more info.
American Studies Features (AES) was a federal financing servicer that processes FFEL fund. Because FFEL program was discontinued, AES nevertheless covers borrowers into the costs, and it also functions certain private college loans to many other loan providers. Because the a beneficial servicer, AES could have been the prospective of a few problems and you can case, however your options are restricted when you’re unhappy along with your servicer.
- Key Takeaways
- Company Analysis
- AES is a loan servicer getting government FFEL loans and several individual student education loans
- AES is actually owned by the Pennsylvania Higher education Guidance Agencies (PHEAA)
- AES and you can PHEAA aren’t authorities companies; he is individual companies
- Into the , AES’ moms and dad organization PHEAA paid a class-action suit claiming the PHEAA on purpose spent some time working to extend the distance regarding borrowers’ fees terminology
- In the event the AES is the servicer, the only method to option loan servicers is to re-finance or combine the fund
- 12 months Oriented 1963
- Specialized Website
Western Knowledge Attributes (AES) is actually a student loan servicer to possess Federal Nearest and dearest Student loan (FFEL) program fund. FFEL financing is Stafford Fund, Unsubsidized Stafford Loans, Government As well as Fund, and Government Combination Fund. Brand new FFEL system try abandoned in the , but since the their fund continue to be in the installment, scores of consumers have AES as his or her mortgage servicer.
What’s Western Knowledge Services?
AES was owned by new Pennsylvania Higher education Direction Department (PHEAA) and is actually founded so you’re able to service and guarantee FFEL and lots of alternative private student loans. Read more