Student Debt Relief

American Education Services or AES student Loans as they are commonly known are one of the best way of getting student loans, scholarships and grants. You can plan and pay for your education using this system.

AES has many federal and private lender details which the under graduate who wishes to avail of the loan, compare and decide the best deal that suits his needs.

One can also consolidate the federal loans using this. Loans such as Stafford, Perkins and Plus plans can be consolidated using the AES programs. The student ends up paying a much lesser interest rate and benefits in the long run.

AES student loans are subject to non negotiable terms for loan consolidation and there are strict federal laws governing it. The federal consolidation loan was added to the Federal Family Education loan program for the benefit of American students and their parents.

Interest rates are fixed and are not to exceed 8.25%. The biggest benefit of people borrowing under this program is that their credit records are not scrutinized for the purpose of granting the loan.

There are a number of benefits for borrowers under this loan program. The lenders also benefit and they can modulate their loan provisions and make their loans much more competitive.

There are some guidelines to be followed for AES private consolidation of loans. There must be at least $7,500.00 in education loans for you to qualify. A disbursement fee of 1% is applicable. For loans which exceed $20,000 the repayment period is of 30 years and if the student ends up repayment earlier then there is no additional fees involved.

A number of banks in association with AES have a wide range of loan programs to benefit the under graduate. If you get the loan through this program the scope of been able to negotiate better multiplies. You can avail of the excellent facilities that AES provides while taking your loan or during the consolidation process.