AES, A Student Loan Servicer
AES stands for American Education Services, a loan servicing company that provides financial assistance to students. With easy to use online applications, AES simplifies the complicated process of financial aid management for students. AES provides management services for both private and federal loans, such as Parent PLUS, GradPLUS and Federal Stafford loans.
The purpose of AES is to make the complex process of repaying financial aid and private student loans more manageable for students and their families. All popular types of student loans can be managed through the online applications of AES. From application to guarantee, from choosing repayment schedules and repayment modes to actual payment, AES takes care of all the complicated hassles of the financial aid process for college students.
Applying for AES Aid
While the AES service provides students with a high level of financial aid management and transparency, we at SimpleTuition offer a product that is far more beneficial for students and their families. As we do not disburse our own loans, our loan comparison services are often more transparent and unbiased. Students and their families stand to gain greater knowledge if they search for and compare student loans on our website than if they search and apply through a financial institution’s own website. While AES loan services can be very helpful for students whose financial situations necessitate additional assistance, the SimpleTuition loan comparison tool allows for greater transparency, not to mention the entire suite of products we offer in addition to our loan comparison tool.
AES loans offers a direct debit payment option to its student borrowers as a free, streamlined way to make regular repayments on one’s student loans. Upon approval of the direct debit application, a monthly payment is electronically transferred from the borrower’s bank account to AES and is applied against the outstanding debt on the borrower’s AES loan.
I made a repayment online. Am I required to always make the payment over the internet?
No. The AES Student Loan department does not require you to stick to a single repayment plan. You can also avail other payment plans and switch between them, month by month. If you make the online repayments or make them via checks, you stay in control. However, if you want to be free from this hassle then you can also set up Direct Debit facility so that the American Education Services Loans Department can automatically deduct the due amount out of your account.
I wanted to make a repayment via Direct Debit. However, I am a little confused with what my ABA Routing Number is. Can you please help me out?
AES Student Loans department does require you to provide them the ABA Routing Number to enable Direct Debit. The American Bankers Association (ABA) Routing Number is a nine digit number that helps in identification of the financial institution. If you have a checking account then this number should be at the bottom of your checks, alongside the account number. However, this may be different for the Credit Unions, and it is best advised to consult with your bank before providing the number.
Can you tell me about the repayment options for federal AES loans?
American Education Services offer several repayment options for federal student loans, including Level, Graduated, Income Sensitive, Income Based (IBR) and 25-year extended. These plans vary when it comes to monthly payments, interest variations, and other features.
Is AES the right choice?
American Education Services provides a number of loan services that can make repayment far more manageable. More, the company boasts more than 40 years of experience and deals in a wide variety of loan services, including federal loans. Further, students can explore various repayment options through AES’ services.