Hassles Free Student Loan from AES (American Education Services) Money Lender


What is AES?

AES or American Education Services is a private moneylender that provides loan and scholarships to the needy students to bear their educational expenses. It is a division of PHEAA, which has grown from a small student loan guarantor to one of the largest financial aid organization.

What are the different kinds of loan provided by AES?

AES provides student loan for students in graduate or in professional schools. The loan is made available to the students ranging from business, science, arts, technology, medicine etc. The AES moneylender provides 3 types of student loans. They are Federal Stafford Loan, Parent plus Loan, graduate Plus Loan and Alternative Loan.

What are the features of loan provided by AES moneylender?

The loans provided by AES moneylender are federal loans approved by the government of USA. There is no need to bring a cosigner to avail this loan. For some loan program, credit check is required and for some no credit check is required. There is no need to pay the loan amount at least for half time. The repayment begins after 6 months of course completion. The maximum time limit that has been set to pay off the loan amount is 10 years. The maximum amount of loan amount that you can take should not exceed your educational expenses. The rate of interest charged is 6.8% for the subsidized loan and 8.5% for the unsubsidized loan.


What are the benefits of obtaining student loan from AES moneylender?

The advantages of obtaining loan from AES moneylender can be summarized under the following headings:

How to apply for the loan?

Applying for the federal loan from AES moneylender is not at all difficult. You have the choice to apply through paper or online. If you want to get the loan fast and in least time, go for the online application procedure. You would have to fill the FAFSA or Free Application for Federal Student Aid and need to submit the application form along with relevant documents.

What are the eligibility criteria?

The eligibility criteria for availing the loan are not very strict. Some loan would require you to have good credit scores and for some no credit scores is required. You must be a permanent citizen of USA and your age should not be below 18 years of age. Some loans would require to be paid by the parents themselves. So in order to avail those loans, that person must be working in a reputed organization with regular monthly salary.

Financial Institutions