Federal Loan Servicing Pros and Cons

FedLoan servicing is a provider of government student loans. They handle federal loan servicing for millions of borrowers. This means that FedLoan does not actually lend the money; instead, they handle everything thereafter. Along with Navient student loans and Great Lakes student loans, FedLoan provides education loans for students. FedLoan collects payments, issues statements, works with borrowers on repayment plans, and so on. FedLoan is also related to AES student loans in another key way: they…

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Why Is Living at Home Actually Awesome?

I've written before about how living at home after college was one of the best financial decision I've ever made. That's because more than anything else, living at home was the single biggest factor in paying off my student loans. And yet, in generations past, this is a practice that was totally unfathomable. Graduating from college means you're an adult now, after all. It's time to leave the nest now; it's time to be independent. But…

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AES Student Loans: Everything You Need to Know

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…

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How to Repay Your Federal Parent PLUS Loan

I often tell people that my student loans really sucked. I usually qualify that statement with the fact that this was a Federal Parent PLUS Loan. In this post, we'll take a look at how to make your Federal Parent PLUS Loan less painful. What is a Federal Parent PLUS Loan? In short, a Federal Parent PLUS Loan is a loan in a parent's name. In other words, although the loan funds the student's education,…

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Student Loan Series #1: Saving Joyfully

Hello and welcome to the first entry in the student loan series! This is the first post in a brand new series here at TFF. The purpose of this series is to help you gain perspective with regard to student loans. In addition to helping understand how you compare to others, the hope is that you may also gain some helpful tips for how to eliminate your student loans more quickly. In the interest of…

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College Tuition: A Bubble Ready to Burst?

It's no secret that college is expensive. Personally, I studied at Marquette University. I really enjoyed my time there, but the fact is that Marquette tuition is not cheap. College tuition rates have risen at unprecedented rates over the past several decades. At the same time, inflation-adjusted salaries for college grads have remained virtually unchanged since 1960. So, is college still worth it? Is there a looming college tuition/attendance bubble? Like most things here in…

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