If you have federal student loans, there's a good chance they are serviced by American Education Services (AES). In fact, there's a really good chance. Millions of people all over the country have AES student loans. What Are AES Student Loans? AES is a student loan servicer. AES itself does not lend money to students. Instead, they collect payments, issue statements, and work with students on repayment plans. Some have referred to AES as a "quasi-governmental" agency. They aren't…

Student loans are a growing problem in the US. According to the New York Fed, student loan debt stood at $1.46 trillion in Q4 2018. All this debt will definitely have people wanting to refinance student loans. But what are you options when you want to refinance student loans? Before answering this question, there is an important one we must answer first. Federal or Private Student Loans? Indeed, the first question we have to ask…

I recently saw a Facebook post that seriously got me thinking about student loan debt. This is not to say I have not done so before - I most certainly have. However, this particular post made me think about things from a new angle.I wasn't able to find the original post, but here's the gist of it. The post said:It's easier for an 18-year-old to take on $200,000 in student loans than it is for…

It's an interesting question. In some ways it's a very simple one; in other ways, not so much. With a certain presidential candidate promising free college as part of his campaign and growing national student loan debt, I feel it's a good question to ask. So, is free college tuition possible in the US? Is Free College Tuition Possible Anywhere? It's not just possible - it's already a reality. Yes, many countries offer it today.…

There are many different types of federal student aid (FSA). Although the amount of information this creates can seem overwhelming, it doesn't have to be. The easiest way to understand all of the options available is to approach it from the right angle. You probably won't be eligible for every type of federal student aid. Many of them target specific groups. More importantly, you cannot receive more student aid than your cost to attend school.…

It's an interesting question: are student loans an economic wrecking ball? More and more, I have heard mention of how Millennials aren't buying homes and how that is ruining the economy. But why aren't Millennials buying homes? I think there are many reasons. After all, we're a population of 70 million+, so we couldn't possibly hone in on just one explanation. Yes, student debt is on the rise. But how much does that affect the…