AES Student Loans – Are They the Best Choice?

AES Student Loans – If you have been asking about student financing for any time at all, you possibly have seen or heard AES student loans mentioned. AES stands for American Educational Services, which is a division of PHEAA, The Pennsylvania Higher Education Assistance Agency. This agency has been in existence since 1964. It is one of the pre-eminent full-service financial aid organizations in America.AES Student Loans

AES student loans that are currently available include Parent PLUS loans, Graduate PLUS loans, Stafford loans, and various Alternative loans.

Perhaps the most popular of the AES student loans is the Stafford loan program, and it offers these features:

  • All federal Stafford loans disbursed between July 1, 2009, and July 1, 2010, are fixed at 6.8% except for the undergraduate subsidized Stafford loan, which carries a fixed rate of 5.6%.
  • No co-signer is needed
  • No credit check is done
  • No payments as long as you attend school a minimum of half-time
  • Subsidized interest payments for those who qualify
  • 6-month grace period when you leave school
  • No penalties for paying your loan off early
  • Take as long as 10 years to repay – longer with flexible repayment options

For parents who wish to pay for their child’s education, there is the Parent PLUS program, which features:

  • Fixed interest rate of 8.5%
  • Borrow the difference between your child’s cost of attendance and financial aid award
  • No income requirements
  • Poor credit? May still qualify with credit-ready endorser
  • Payments on interest can be tax deductible
  • No pre-payment penalties
  • Flexible repayment options

And, there are AES student loans for graduate students needing to fill the gap between financial aid and school costs. This program is called the Graduate PLUS loan, and it features:

  • Interest rate fixed at 8.5%
  • Borrow the difference between your cost of attendance and financial aid award
  • No required payments as long as you attend school at least half-time
  • No income requirements
  • Weak credit? May still qualify with credit-ready endorser
  • Payments on interest may be tax deductible
  • No penalties for paying your loan off early
  • Flexible repayment options

Once you have looked into and applied for grants and scholarships, received a federal Stafford and/or PLUS loan, and still are coming up short to cover costs for college, AES offers Alternative loans that can work alongside federal student aid to complete your college funding.

Fasfa.Gov – AES also handles federal loan consolidation. With Federal consolidation of your loans, you can combine one or more existing loans into a single new loan.  If you’re having trouble making your monthly student loan payments, then consolidation might be the right option for you.Fasfa.Gov

Whether you’re an undergraduate or a graduate student, with good credit or poor credit, it’s very likely you’ll find that one of the AES student loans fits your situation.

For more advice on finding the right student loans, visit http://ACS-Student-Loans

September 21st, 2011 | Tags: , | Category: Student Loans | Leave a comment

fasfa.gov – FAFSA financial aid

Fasfa.Gov – If you are unfamiliar with the FAFSA try to remember it stands for Free Application for Federal Student Aid. It amazes me to hear that 25% of families do not fill out the FAFSA and pay for college out of their own pockets & take out high interest private loans. Fasfa.Gov

How to I apply Fasfa? The easiest way to fill out the FAFSA is if you go and apply online. Applications can be submitted starting January 1 and the deadline is June 1. One thing to remember is this application is “first come, first serve” basis. Go online application and fill out the FAFSA in January or February if possible.

Fasfa.Gov – Why should you fill out the FAFSA? The FAFSA determines everything in government financial aid. The government offers grants, scholarships, work-study programs and low-cost student loans. Last year the government gave 163 billion dollars to college students and 40% of the financial aid was grants that students don’t have to pay back. Fasfa.Gov

Fasfa.Gov – The FAFSA can be a little jarring and a long process but if you don’t fill it out you have zero chances in receiving free money from the government with low-interest loans. With the government cutting the education budget by half in many areas you might want to think about completing the FAFSA as soon as possible because it is first come first serve. Don’t miss it.

Tips for Filling out the FAFSA

1) Plan ahead. You would be surprised how many people put off filling out the FAFSA till March or even to June. There is a lot of information to collect from yourself and your parents so getting all the information in the beginning will speed up the process.

2) Don’t have money in your name. When filling out the FAFSA, it will ask you questions on your past year’s earning and anything above $4,500 will take away from your financial aid package. So many college students work during the summer and even the year but earning too much money actually hurts you. If you earn over $4,500 try discussing another option with your employer to have them help pay for your tuition instead of paying you.

3) Fill out the FAFSA early. The earliest you can fill out the FAFSA is January but many parents don’t have all their tax information figured out till March. The earlier you apply the better chances you have in receiving government money towards your education.

4) Make sure all the information is correct. You might think this set is easy but I assure you thousands of college students get their application delayed because they had errors in their application. Double check the whole application and make sure everything is correct before submitting it.

5) Do it as a family. Don’t be afraid to complete the FAFSA with your parents every year. Doing the application by yourself leaves chances for errors and can increase your chances of false information. Have all the information in front of you and complete the FAFSA together as a family.Fasfa.Gov

 

Filling out the FAFSA is probably the most difficult part about financial aid but with these steps you can make it as painless as possible. Don’t pay for someone else to help you because you can just call the Federal Student Aid Information Center at 1-800-4-FED-AID if you have any questions.Fasfa.Gov

Fasfa.Gov , We thank you for reading College Scholarships for College Sophomores: Filling Out the FAFSA. And you can continue reading my articles for more info on scholarships and getting a college education without any debt.

Fasfa.Gov – Thanks for reading my article on College Scholarships for College Sophomores. To learn more please visit my website collegescholarshipfreeloaders.com and get college paid for without loans. Fasfa.Gov

June 10th, 2011 | Tags: , , , | Category: fasfa.gov | Leave a comment