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Private Loan Consolidation

Lower your monthly payments by consolidating your private student loans.

Eligibility

• You must have a minimum loan amount of $7,500
• Loans must be in repayment, deferment, forbearance, or grace status
• You must meet established credit criteria

Other Considerations

• You do not need a co-signer
• Consolidation does not hurt your credit
• Pay your loan off early with no penalty

Learn more about consolidation eligibility.

Features & Terms

Features	Terms
Interest Rate	Rates can change quarterly or monthly, depending on the program you choose.
Incentives	Incentives vary, depending on the lender. Call 1-800-338-5000 for details.
Fees	Fees as low as 0% based on credit score.
Loan Repayment	Repayment begins within 30 to 60 days of the loan fund payout. No prepayment penalties. No grace period.
Repayment Term	All AES private consolidation loan programs offer a 30-year repayment term.
Loan Management	Pay just one bill. Manage your loans online any time. Get single-point servicing for the life of the loan with AES. We are with you every step of the way. Contact us.

Learn more about consolidation terms and repayment.

Effects of Loan Consolidation

• Single, lower monthly payment to one lender
• Longer repayment period
• Convenient, affordable way to repay your loans

Loan consolidation will NOT affect your ability to:

• Pay your loan off early with no penalty
• Maintain a good credit rating

Learn more about advantages and disadvantages.

Apply for this Loan

• If an AES originating lender contacted you regarding private loan consolidation, refer to the telephone number or website address provided on the solicitation.
• If you have not been contacted regarding private loan consolidation:
  1. Call 1-800-338-5000 to speak with an AES customer service representative.
  2. Complete your application over the phone.

After You Apply

After completing your over-the-phone application:

• AES will mail your loan request/credit agreement the next business day:
  1. Review your application
  2. Sign it
  3. Return it to AES Graduate and Professional Services
• AES Graduate and Professional Services will process your application within 3-4 weeks of receipt.
• When your private loans are paid in full, through consolidation, we will forward a disclosure statement and repayment schedule.

Learn more about applying for a private consolidation loan.

Note: The consolidation process takes approximately 6-8 weeks. During this time it is important that you continue to pay the student loan bills you receive.

Check Application Status: Call our automated telephone system toll-free at 1-800-338-5000 to obtain loan information, including the application date, estimated processing time and any information required to process your request.