| Pennsylvania Higher Education Assistance Agency |
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| CATEGORIES ABOUT PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY | |
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In the past ten years, the Agency has experienced tremendous growth through expandsion of its lending operations through developing relationships with neighboring states such as West Virginia and Delaware, and with schools throughout the country (and in Puerto Rico) for loan servicing and guaranty services. As a lender of its own right, the Agency created a national presence for itself under the name "American Education Services". As a result, the Agency is frequently now referred to as "AES/PHEAA". AES/PHEAA is also active in the secondary market for FFELP loans. As a quasi-governmental agency, AES/PHEAA's Board of Directors is comprised mostly of members of the Pennsylvania General Assembly, with one appointee typically a college president. The Board does not have an appointed representative or ombudsman for student/borrower interests, nor does the Board contain a financial aid professional as a formal member. AES/PHEAA is in the top ten in loan volume of guarantors throughout the nation. AES/PHEAA's motto, stemming from its statutory creation in the 1960s, is "Creating Access to Education". EXTERNAL LINKS
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