Is an Aes learner Loan Consolidation Right For You?

Student Loans Aes - Is an Aes learner Loan Consolidation Right For You?

Are you making payments on several different education loans? You might wish to think an Aes student loan consolidation that would incorporate all of your federal contracts into one with American education Services.

Student Loans Aes

What are the advantages of an Aes student loan consolidation?

Consolidating your debts allows you to lock into a fixed interest rate, which may be lower comprehensive than the sufficient rate on your existing debts. And, you'll just have one bill to pay while lowering your monthly payments. You won't have to pay any application fees or deal with prestige checks, plus you won't need a cosigner.

How do I know if I'm eligible?

Basically, if you're a new graduate, a borrower who is already paying back your obligations, or a parent with a Plus loan, you should qualify. If you're still in school, but attending less than half time you are eligible for federal consolidation. Only federally guaranteed student financing can be included in a federal consolidation arrangement. If you've graduated in the past six months and are still in your grace period, you're eligible for a lower interest rate on your student consolidation.

Borrowers must have at least 1 Pheaa/Aes-guaranteed loan to be eligible for federal loan consolidation. Any federal education contracts that are in default and held by another lender are not eligible to be included in your federal Aes student loan consolidation. If your federal education loans are held by Aes, they can be included in your consolidation after they've been rehabilitated.

If you obtained a Federal Consolidation in the past, and you have acquired supplementary federal education financing since then, or you did not contain all eligible loans in your former consolidation, you may be eligible for a new Aes student loan consolidation.

Parents who borrowed for their child's education are also eligible for consolidation. An Aes student loan consolidation offers parents the same benefits as those enjoyed by student borrowers.

If parents have Plus loans for more than one child, they must incorporate them separately. Federal law prohibits the consolidation of complicated accounts together, except for a Federal Spousal Consolidation.

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