AES student loans are essentially any student loan that is serviced by the company American Education Services. AES doesn’t act as a lender for any student loan, and rather acts as a servicer for a wide-variety of education loans, including various FFELP loans, and numerous private student loans.
As a student loan servicer, AES collects payments from borrowers and acts as a intermediary between the actual owner of the student loan or lender, and the borrower. Students are able to provide their payments via phone, direct mail, or via AES’s website at aessuccess.org.
History
American Education Services was created in 1963 by the Pennsylvania Higher Education Assistance Agency, or PHEAA. Over time AES has evolved into one of the country’s premier student aid organizations, and is not only a servicer of student loans, but also provides other student aid services as well, including loan guaranty services, and other types of community outreach, and financial aid processing.
Utilizing AES
If you have taken out either an FFELP student loan, or private student loan over the past decade or so there is a good chance that it is being serviced by AES. I know Sallie Mae keeps their servicing in-house for the most part, but most other student loans that are made by private lenders are either serviced by AES, or ACS (Affiliated Computer Services).
If you have a student loan that is being serviced by AES I recommend logging into your online account, and setting things up so that you can make your payment online each month instead of having to use conventional mail. I have personally done this in the past, and I can tell you that their website is very reliable, and your checking account information will not be tampered with in an inappropriate manner.
