Paying off student loans in an appropriate manner is really about knowing your options in regard to the amount of repayment benefits that may be available with a particular student loan, along with being able to act accordingly when confronted with various scenarios. This really isn’t very complicated, as you may be able to utilize [...]
in Repayment, Student Loans,
by Jeff Bullock
in Repayment, Student Loans,
by Jeff Bullock
Student loan delinquency describes what happens when you fall behind on your repayments and your account is no longer current. So for example if you don’t make your payments for a couple of months the lender of your loan may label your account as “delinquent”, which is basically a way of saying that you owe [...]
in Repayment, Student Loans,
by Jeff Bullock
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 [...]
in Repayment, Student Loans,
by Jeff Bullock
Forbearance is a way you can go about postponing your student loan payment, and it is not that much different than a deferment, except in one area: Deferments don’t capitalize the interest that accrues during the actual time that you delay the repayment term, a forbearance does. This means that over the long-run a forbearance [...]
in Repayment, Student Loans,
by Jeff Bullock
Deferment is a way you can postpone when you have to make a payment on your student loans. It works as long as the lender of your loan is willing to grant you such a postponement, and is typically a more prevalent option for federal student loan debt. This is because federal education loans inherently [...]