American Education Services or AES student Loans as they are
commonly known are one of the best way of getting student
loans, scholarships and grants. You can plan and pay for
your education using this system. AES has many federal and
private lender details which the under graduate who wishes
to avail of the loan, compare and decide the best deal that
suits his needs.
One can also consolidate the federal loans using this. Loans
such as Stafford, Perkins and Plus plans can be consolidated
using the AES programs. The student ends up paying a much
lesser interest rate and benefits in the long run.
AES
student loans are subject to non negotiable terms for loan
consolidation and there are strict federal laws governing
it. The federal consolidation loan was added to the Federal
Family Education loan program for the benefit of American
students and their parents. Interest rates are fixed and are
not to exceed 8.25%. The biggest benefit of people borrowing
under this program is that their credit records are not
scrutinized for the purpose of granting the loan.
There
are a number of benefits for borrowers under this loan
program. The lenders also benefit and they can modulate
their loan provisions and make their loans much more
competitive.
There are some guidelines to be followed for AES private
consolidation of loans. There must be at least $7,500.00 in
education loans for you to qualify. A disbursement fee of 1%
is applicable. For loans which exceed $20,000 the repayment
period is of 30 years and if the student ends up repayment
earlier then there is no additional fees involved.
A
number of banks in association with AES have a wide range of
loan programs to benefit the under graduate. If you get the
loan through this program the scope of been able to
negotiate better multiplies. You can avail of the excellent
facilities that AES provides while taking your loan or
during the consolidation process.