Iowa Student Loan Pros and Cons

Iowa Student Loan is based in West Des Moines, IA and was founded in 1979. They are a non-profit student loan lender. They manage over $2.6 billion in student loans. With so many student loan options, it can be difficult to decipher the best option. In this post, we will look at Iowa Student Loan and who can benefit from them. Iowa Student Loan does not service their student loans. Currently, Aspire Servicing Center is…

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Federal Loan Servicing Pros and Cons

FedLoan handles federal loan servicing (or fed loan servicing) for millions of borrowers. This means that FedLoan does not actually lend the money; instead, they handle everything thereafter.FedLoan collects payments, issues statements, works with borrowers on repayment plans, and so on. FedLoan is also related to AES in another key way: they have the same parent company, PHEAA.What is Federal Loan Servicing?The Department of Education disperses funds which are in turn managed by a student loan…

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AES Student Loans: All The Info You Need

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.Some have referred to AES as a "quasi-governmental" agency. They aren't exactly a federal agency. Still, the Feds approved them to service loans issued through the Federal Family Education Loan (FFEL) program. What Are AES Student Loans? American Education Services (AES) is a student loan…

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Should You Refinance Student Loans?

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…

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Student Loan Debt: A Vicious Cycle

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…

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Is Free College Tuition Possible in the US?

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.…

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Federal Student Aid: How Much Does it Actually Help?

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.…

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