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What is American Education Services?

I am a prospective university student who would love to know more about American Education Services. Getting a college loan will go a long way in making my campus life smooth and fruitful. I cannot afford to meet my education costs and other related fees. Moreover, I would love to get information on how to apply for student loans. Please provide a step by step breakdown of going about this. I am willing to apply for both federal and private student loans. Finally, I would love a review of discovering student loans. Please help me.

Samantha Stevenson

in Student Loans

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Kaitlin Dean on January 4, 2018

The American Education Service is a nationwide branch of the Pennsylvania Higher Education Assistance Agency (PHEAA). This agency aims to ensure that all students can go for higher learning by providing them with financial assistance.

The AES is a hub of information. It provides students with a forum on which to get and service their college related expenses. It also provides the much needed information on how to apply for a student loan. Additionally, it provides information on how to plan for college via EducationPlanner.org.

This service also aims at making you an accountable borrower. This is by providing financial assistance and support systems. Finally, this service provides an avenue for people who want to offer loans to students. It acts as a platform that allows for lenders to contribute their financial aid.

Below is a step by step breakdown of how to apply for a federal student loan:

  • Finish and present a Free Application for Federal Student Aid (FAFSA ® ). The outcome of your FAFSA will be used by your university or career-school to provide you with a financial aid proposal. The school you attend will make a decision on whether you will accept all or a fraction of the loan. 
    You will need to do the following prior to collecting loan money:
  • Finish entrance counseling, this is a mechanism to show that you are onboard with your duty of repaying the loan
  • Sign the Master Promissory Note (MPN). This is basically you accepting the terms of the loan.

Visit the financial aid office at the school you are to join and get information on how the matter is handled in the school. To apply for a private loan for students, follow the steps below:

  • Go to the lender’s website.
  • Fill out your personal and financial information.
  • Pick the repayment method and type of interest rate
  • You are allowed to apply with a cosigner with good credit. In case your cosigner is your parent, you will have to provide their financial data.

Finally, a discover student loan is a private student loan that can help you through college. Below are its key features:

  • Rewards for good performance
  • Provides up to 100% of costs incurred during college studies 
  • No loan fees  One is allowed to make a choice between deferred or in-school repayment
  • Has 100% US-based Student Loan experts who are readily available
  • Application is typically less than 15 minutes

Kurt Pricea year ago

Very informative on American Education Services. I would love to offer some advice on the amount you should borrow and how to manage your loan money. I highly recommend that you borrow what you can afford to repay. Factor in your career and the prospective salary. Go to the US Department of Labor at bls.gov to get an approximation of your future salary. When it comes to managing your loan follow these guidelines:

1. Apply for a new loan for each year in college.
2. Ensure that you are admitted in school for half of the semester.
3. Make plans to make in-school repayments. This will reduce your final loan.
4. Make use of the six-month grace period after graduating to make plans on how to repay your loan.
5. Keep records on your lenders and the amounts borrowed. Do this in your entire college life. Most importantly, always remember to borrow responsibly.


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