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American Education Services (AES) is a private and federal student loan servicer that handles student loans from a wide variety of lenders. If you have a Federal Family Education Loan, there’s a ...
FedLoan Servicing was established in 2009 to support the U.S. Department of Education's ability to service student loans owned by the federal government, and is one of a limited number of organizations approved by the Department to service these loans. AES was created to guarantee and service a variety of Federal Family Education Loan Program ...
The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [1]
As of 2021, approximately 7.8 million Americans from 18 to 25 carry student loan debt, with an average balance of almost $15,000. [64] For adults between the ages of 35 and 49, the average individual balance owed exceeded $42,000. The average debt for adults between 50 and 61 is slightly lower.
Around 44% of federal student loan borrowers who begin repayment in October have a new loan service provider. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...
Key takeaways. CornerStone was previously one of eight approved federal student loan servicing agencies that provided loans nationwide. Although Cornerstone was contracted to service loans through ...
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