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American Knowledge Characteristics (AES) was a federal mortgage servicer one to process FFEL funds. Due to the fact FFEL program is left behind, AES still handles consumers in payments, therefore services some private student loans for other lenders. Because a good servicer, AES has been the prospective of a few issues and you may case, your options are minimal when you are let down with your servicer.

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• AES are that loan servicer to have government FFEL funds and many personal college loans
• AES is actually belonging to the newest Pennsylvania Degree Assistance Agencies (PHEAA)
• AES and you can PHEAA commonly government companies; he could be individual people
• For the , AES’ mother or father providers PHEAA paid a class-action suit stating the fresh new PHEAA on purpose worked to increase the exact distance out of borrowers’ installment conditions
• If AES can be your servicer, the only method to key mortgage servicers would be to re-finance or combine your fund

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Western Education Services (AES) is an educatonal loan servicer to have Federal Household members Student loan (FFEL) system financing. FFEL funds were Stafford Fund, Unsubsidized Stafford Fund, Government And additionally Funds, and you can Government Integration Funds. The FFEL system try deserted during the , however, just like the the finance continue to be into the payment, scores of consumers have AES since their financing servicer. Continue reading →