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.
Just so, can AES loans be forgiven?
Can AES student loans be forgiven? The private student loans AES services are not eligible for loan forgiveness. But the federal student loans it servicers can be forgiven under different programs offered by the Department of Education.
You may qualify for a Deferment on your Perkins Loan that is not in default. During deferment, you can delay payment with no interest accruing during the deferment period. … Forbearance can be granted in intervals of up to 12 months for a total of 3 years.
Keeping this in consideration, is a Perkins Loan a direct loan?
Offered through the federal government’s Perkins Loans Program, a Perkins loan was a low-interest loan option made available to both undergraduate and graduate students who demonstrated an exceptional need for financial aid. … The program was replaced by Federal Direct Loans, often referred to as Stafford Loans.
Is a Perkins Loan a federal loan?
Loans made through the Federal Perkins Loan Program, often called Perkins Loans, are low-interest federal student loans for undergraduate and graduate students with exceptional financial need.
Is AES success down?
Aessuccess.org is UP and reachable by us.
Is FedLoan a Navient?
Education Department Extends Navient Student Loan Servicing Contract, But Not FedLoan — What This Means For Borrowers. … But a similar contract extension was not implemented for FedLoan Servicing. Here’s what it means for borrowers as student loan servicing changes continue.
Is FedLoan servicing a real company?
FedLoan Servicing is a student loan servicer for federal and private student loans operated by the Pennsylvania Higher Education Assistance Agency (PHEAA), a nonprofit providing financial aid services and administering several state grant programs.
Is Heartland Ecsi a collection agency?
Heartland Educational Computer Systems, Inc., or Heartland ECSI, is a student loan servicer. … It also works with private loan providers to offer collection management services. Another service that Heartland ECSI offers is payment plans for borrowers with past due accounts.
Is Heartland Ecsi a private loan?
If you determine that the loans you have serviced by Heartland ECSI are private (including institutional loans), you may be able to qualify for a lower interest rate and pay off your loans faster by refinancing. The decision to refinance depends on your income and how much you’re able to pay every month.
What bank is Heartland Ecsi?
Heartland ECSI is a student loan servicer. That means that the company doesn’t offer student loans, but it collects payments for the loans. Many borrowers of Perkins Loans (student loans that are now defunct) will have their loans serviced by Heartland ECSI.
What is happening with FedLoan servicing?
FedLoan Servicing Borrowers Will Still Eventually Be Transferred To New Servicers. In its statement, PHEAA confirmed that it will still be transferring borrower accounts to new loan servicers before December 2022.
What is Heartland key?
Your Heartland Key is your new account number that is utilized when connecting your EasyPath profile to your Heartland ECSI account. Your Heartland Key is located on all notifications you receive from Heartland ECSI, such as billing statements, letters and emails.