AES Student Loans
Student Loan Balance Grew Over 30% and Rate Jumped Sharply
- 01-09-2009
- 30
This company offers loans at a low interest rate and claims that it is easy to put your loans in deferment or forbearance. This is all one big lie. I signed up for a loan through them, and a year later my balance had increased by over 30%. As I understood, my loan was not supposed to collect interest while I was in school; this was lie #1. Lie #2 came when my interest rate jumped from 6.5% to about 12% while I was still in school. I took a semester off, and when I went back to school, it was over a month into the semester by the time they actually put my loan back into deferment.
This company should be avoided if possible. Because of AES, I will be in debt for the rest of my life. I cannot even buy a house right now because of their "flexible" payments. It is sad that I have no other debt to my name, I have a full-time job that pays somewhat decently, and I have no money to enjoy life in any way. Students beware.
Company: AES Student Loans
Country: USA
State: Pennsylvania
City: Harrisburg
Phone: 8002330557