Can Consumer Credit Counseling Help With student loans?
It can help with: Finding the best repayment plan for federal loans and discovering options for private loans, as well as budget counseling, debt management plans and loan paperwork processing. Student loan counselors are specially certified in student loans by the National Foundation for Credit Counseling.
Is AES a federal student loan?
Is American Education Services a federal student loan? AES doesn’t actually lend money, so there is no American Education Services student loan. Its parent company, PHEAA, does offer a private student loan called the PA Forward Loan. AES helps borrowers manage their student loan payments.
What student loan forgiveness would mean for US consumer lenders?
Student loan forgiveness would free up money that consumers could instead use each month to pay back their credit cards, auto loans and other types of credit. The White House is reportedly considering writing off at least $10,000 per borrower.
Is AES owned by Navient?
AES is owned by the Pennsylvania Higher Education Assistance Agency (PHEAA) and was established to service and guarantee FFEL and some alternative private student loans. A student loan servicer doesn’t provide loans; it’s the middleman between the borrower and the student loan lender during the repayment period.
Who can help me with student loan debt?
The Federal Student Aid Student Loan Support Center is a free service provided by the U.S. Department of Education. Offering help for federal loan borrowers, you can contact the center for information about IDR plans, loan consolidation or exit loan counseling.
Who can I talk to about student loan debt?
You should talk to your school’s financial aid office – they will have information about your federal student loan options. Additionally, you can speak with the U.S. Department of Education’s Federal Student Aid Information Center at 1-800-4FED-AID (1-800-433-3243) for information on student loans.