As FedLoan Servicing, PHEAA provides student loan servicing for loans owned by the Department of Education.
In this regard, are AES loans direct loans?
You have eligible Direct Loans: Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans (made to parents or students), Direct Consolidation Loans, and Special Direct Consolidation Loans. You make 120 qualifying payments on an eligible repayment plan.
PHEAA conducts its student loan servicing operations commercially as AES . AES created Account Access to provide a way for borrowers to manage their loans online. PHEAA uses this secure service from AES to support students who participate in some of the aid programs that it administers.
Also, do AES loans qualify for loan forgiveness?
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.
How do I contact National Collegiate Trust?
You can find a student loan lawyer to help you in resolving the issue or contact us right now, and we will assist you in the matter: 800-881-0687. We recommend that you check if you have the opportunity to get your private student loan discharged through the national collegiate student loan trust.
Is a PHEAA loan a federal loan?
Information. Pennsylvania Higher Education Assistance Agency (PHEAA) is a state agency of the Commonwealth of Pennsylvania. … It does this in cooperation with the U.S. Department of Education under the Federal Family Education Loan Program or FFEL Program.
Is AES National Collegiate Trust?
AES was established by the Pennsylvania Higher Education Assistance Agency (PHEA), which is the nation’s second largest student loan servicer. … In the private loan marketplace, AES is one of the primary servicers for National Collegiate Trust (NCT).
Is FedLoan servicing private or federal?
FedLoan is the only federal loan servicer that handles Public Service Loan Forgiveness applications, including processing employment certification forms. You can submit your forms annually and apply for forgiveness once you’ve made 120 qualifying payments while working for an eligible employer.
Is PHEAA a federal student loan?
The Pennsylvania Higher Education Assistance Agency (PHEAA) is a
| Agency overview | |
|---|---|
| Headquarters | Harrisburg, Pennsylvania |
| Website | http://www.pheaa.org |
Is Pheaa legit?
The Pennsylvania Higher Education Assistance Agency (PHEAA) is warning students and their families to be wary of financial aid scams that could expose them to significant financial loss and identity theft. … The PA State Grant Program is funded by the Commonwealth and administered by PHEAA.
Is PHEAA nonprofit?
THE FOUNDATION, A NON-STOCK, NONPROFIT CORPORATION INCORPORATED UNDER PENNSYLVANIA’S NONPROFIT CORPORATION LAW OF 1988, AS AMENDED, IS ORGANIZED TO CARRY OUT STUDENT LOAN SECURITIZATION TRANSACTIONS FOR THE BENEFIT OF, AND TO CARRY OUT THE PURPOSES OF, THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (‘PHEAA’), A …
Is Pheaa the same as Fafsa?
Did You Know? Be wary of organizations that charge a fee to assist you with the FAFSA. Much of the same help is available for free from your school, the U.S. Department of Education, and PHEAA. Not all financial aid offers are the same.
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 PHEAA Fed loan Serv?
Today, PHEAA is a national provider of student financial aid services, serving millions of students and thousands of schools through its loan guaranty, loan servicing, financial aid processing, outreach, and other student aid programs. …
Why is fed loan servicing closing?
FedLoan Servicing, one of the largest student loan services contracted by the U.S. Department of Education, said it will be getting out of the student loan game altogether at the end of 2021, saying loans are getting too complicated and too costly.