Federal Loan Servicing: Student Loans with Serious Issues

FedLoan handles federal 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 servicer.…

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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 Make Your Parent PLUS Loans Less Painful

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

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6 Reasons Getting Fired Was Actually Amazing

For a lot of us, losing our jobs can be a crisis. Especially with so many people living paycheck to paycheck and not having adequate emergency funds. For me, getting fired was actually amazing. And no, not getting FIREd...but that will happen eventually - I hope! Some background: this is not a recent or new development. My current job is still safe (for now, anyway), but I have lost jobs in the past. And even though it…

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Net Worth Update: January 2019
Personal Capital dashboard. Not my net worth, by the way. This is just a stock image.  :)

Net Worth Update: January 2019

Hey all! I've decided I am going to try to post net worth updates at least quarterly. I also figured I would start the new year off on the right foot by doing just that. Go figure, things have been a bit crazy with the stock market as of late. Although I recently assured you things are not that bad and to not focus on the numbers, I can't deny that there has been quite…

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