AES Student Loans - Are They the Best Choice?

If you have been asking about student loans 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 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.

AES also handles federal loan consolidation. With Federal student loan consolidation you can combine one or more existing student 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.

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.

Got Bad Credit? Don't Give Up! Go to: Student Loans For Bad Credit

For more advice on finding the right student loans, visit http://ExploreStudentLoans.com

Article Source: http://EzineArticles.com/?expert=James_Sopher

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Practical Reasons to Apply For Student Loans

If you are about to start school or if you are planning to continue your education, then you do not have to be hindered by the fear of expenses as there are ways to lighten the financial burden. Instead of having to put off your education because of financial problems, it would be wiser to apply for student loans in order to fund your education goals whether for high school or college. Here are the top reasons why you must consider getting such loans:

1. Pursuing your education will always be a very sound investment, no matter the cost.

While it is true that schooling can be quite expensive, it will always be a very good decision to pursue your education. Instead of focusing your attention on the fear of related expenses and costs, it would be wiser to think of ways on how you can fund your educational plans.

2. Student loans can easily be applied for.

You need to apply for student financial loan or assistance but application is much easier these days. Most schools have methods to make loan application easy and there are now various online resources which can make the task easier. You can choose to apply for government-backed loans or private loans.

3. Student loans can be paid of in realistic terms.

Even if you incur a huge total debt because of various loans as a student, you can be quite sure that there are ways by which you can pay them off realistically. Most of these loans are usually payable a few months after graduation - a time when you will most likely be having an income already.

Learn more about Student Loans, please visiting http://www.gsyywz.com/financial/student-loans-can-be-your-practical-solution-to-reach-your-dreams/

Article Source: http://EzineArticles.com/?expert=Stanley_Hardin

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