Can consolidation loans be forgiven?

Consolidating your current loans will cause you to lose credit for any payments made toward income-driven repayment plan forgiveness or Public Service Loan Forgiveness.

Is AES success down?

Aessuccess.org is UP and reachable by us.

Is the loan forgiveness program legit?

There are legitimate government programs, such as Public Service Loan Forgiveness, that can reduce or eliminate federal student loans after a certain amount of time. Borrowers on income-driven repayment plans can get their remaining loans forgiven after they make payments for 20 or 25 years, depending on the plan.

Is AES legit?

If AES is your loan servicer, you might have gotten something in the mail from them—and not known what it is. You may even have thought it was a scam. But, in fact, AES is a legit loan servicing company. It’s not unusual for people to have thousands of dollars in student debt—and not know who their loan servicer is.

How can I get all my debt into one payment?

Consolidating Debt With a Loan Make a list of the debts you want to consolidate. Next to each debt, list the total amount owed, the monthly payment due and the interest rate paid. Add the total amount owed on all debts and put that in one column. Now you know how much you need to borrow with a debt consolidation loan.

Can you consolidate loans twice?

You can refinance as many times as you qualify — and lower your monthly payments and interest rate just as frequently. You can also refinance previously consolidated loans and use private student loan refinancing to combine federal and private loans.

Is AES federal or private?

American Education Services (AES) is a federal loan servicer that processes FFEL loans. While the FFEL program was discontinued, AES still handles borrowers in repayments, and it also services some private student loans for other lenders.

Why am I getting calls for student loan forgiveness?

Scammers may promise student loan forgiveness, but only after collecting your personal information and a fee. Student loan debt relief companies often pose as entities related to the government, which is illegal. The FTC and other government entities have taken action against many of these companies.

How do I stop student loan forgiveness calls?

1. Add your number to a ‘Do Not Call’ List. You can register your phone number for free with the National Do Not Call Registry. The Federal Trade Commission (FTC) — the same agency that recently reimbursed 40,000 borrowers defrauded by relief scams — set up the registry in 2003.

Is AES private or federal?

What is an interest rate AES?

Fixed interest rates are 2.75% – 6.04% APR (2.50% – 5.79% APR with Auto Pay discount). Starting variable interest rates are 2.13% – 5.89% APR (1.88% – 5.64% APR with Auto Pay discount). Variable rates are based on an index, the 30-day Average Secured Overnight Financing Rate (SOFR) plus a margin.