Is Aes Now Navient?
Your Private Student Loans Will Move from American Education Services (Aes) to Navient. Navient Will Soon Be Servicing a Group of Loans That Includes One or...
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Hereof, are AES student loans federal or private?
American Education Services, aka AES, is a loan servicer to millions of borrowers. AES Services many Federal Family Education Loan (FFEL) Program loans, but they service private loans, too. Many of the private loans they service are owned by National Collegiate Student Loan Trusts.
One may also ask, what type of student loan is Navient? Types of Federal Student Loans We Service Direct Unsubsidized Loans – For undergraduate, graduate, and professional degree students, interest is charged on unsubsidized loans during all periods. Direct PLUS Loans for Parents – For parents of dependent undergraduate students, interest is charged during all periods.
Beside above, what's going on with Navient?
The lawsuit alleges that Navient systematically misdirected borrowers into student loan repayment programs and types of forbearance, which do not qualify for Public Service Loan Forgiveness, which enables public servants to have their federal student loans forgiven after meeting certain requirements.
Is there a federal lawsuit against Navient?
The lawsuit against Navient was filed by the Consumer Financial Protection Bureau (CFPB), which is a federal government agency. Since these lawsuits are not private, civil litigation matters, you probably should not expect any compensation at this juncture if your student loans are serviced by Navient.
