American Education Services Reviews

American Education Services acquired my student loan account, which I had been keeping either on income driven repayment or in forbearance. Now I have reached the maximum limit, and it is time to pay. I submitted my work earnings, and they set me up to start paying $146.09 beginning July 19, 2025. I did make a payment a few days after the 19th, but the system still shows delinquent days counting, now at 226 days. From my understanding, at 270 days the loan can go into default. I am poor and cannot afford to pay the $2,***.** past due balance.

Predatory lender and unfairly continues to collect payments from those who filed for bankruptcy. Avoid borrowing at all costs. You will be paying off for the next 30 years at an extremely high fluctuating interest rate!

20 years I've been paying my loan, made what I thought was last payment, then a couple days later they draft my account for the same amount. I canceled auto pay and made sure to pay the payoff amount. So, I called, it will take at least 30 days to get my money back. They are just holding my money, not paying any interest. It's pretty ridiculous, and just a terrible way to end my 20 years of paying with them.

Never use this company for Student loans, I have already paid them triple what I borrowed from them and am scheduled to continue paying for another 5 years. They are definitely a predatory company on college kids who are desperate for money to attend school.

Trying to get a payment history with this company is like trying to put a cat in a bag. I finally managed to get one and they have bought and sold the loans so much, I think I've paid the loans at least 3 times. They offer no help but, squawk at you to call the guarantor on the loan. Well, I did that, and it was totally useless as they said to call AES. I have exactly 12 more payments to make and thankfully and hopefully it will finally be paid. There are still suspicious amounts on there that make no sense when it is added up.

Disgusting. Unconscionable. Predatory. Criminal. Fraudulent. The only reason why no one is making more noise about the long-term negative effects of private student loans and their detrimental impact on the lives of swindled borrowers is because of the fact that so many people are profiting from their suffering.

I trust the ads more on adult websites than this company. Much of what has already been stated in other comments can be agreed with or felt the same about regarding my account. This unscrupulous company unapologetically violates FDCPA law as well as making it unnecessarily difficult to initiate pay-offs without adding unjust fees because their system is lacking in processing transactions. If you're looking to get scammed and schemed, go to AES. If you're looking for a reliable and ethical creditor - go elsewhere.

To everyone on here who has had to deal with this egregious company: let's file a class action lawsuit for what feels like predatory or illegal practices AES engages in. I consolidated my two federal student loans with AES back in 2002. My original total amount borrowed was just over $66,000 and now 23 years later, I have paid over $153,098 principal balance and over $78,281 interest balance but have gotten nowhere. I still owe the same amount. And the kicker is that due to financial hardship (divorce, sick child, other things) experienced back in 2017, I entered into a recovery program to avoid default and AES extended my repayment end date another 30 years to 2047 without my knowledge or consent. They stated verbally that after exiting the recovery program, my loans would return to AES and resume where they left off. Lies! They restarted me completely at zero, as if I hadn't already paid them over $232,123 since 2002!

A representative tried to argue with me about the educational purpose of the loan. They didn't realize that they, American Education Services, handled education loans. Needless to say, my requests for further explanation were conveniently ignored. In fact, ignoring customers while remaining consistent in repayment collection is all AES does well. Do not use AES for loan servicing if you can avoid it.

Predatory student loan servicer. When you're desperate, they take advantage. Borrowed $16.5K, total paid back, never missing a payment, is over $31K. Paid extra tons of times and they never put it on the principal amount. Also have a cosigner on the loan who after years of on time payments and credit score in the high 700's was told they couldn't be removed because I'm too big of a risk. Shhhhh don't tell my mortgage company who gave me a $250k loan for 3%. This company is a joke. Just don't do it. You will regret it!