PHEAA
The Pennsylvania Higher Education Assistance Agency (PHEAA) is a national provider of student financial aid services, serving millions through its loan guaranty, loan servicing, financial aid processing, outreach and other student aid programs.
PHEAA conducts its student loans servicing activities nationally as FedLoan Servicing and American Education Services (AES).
According to the PHEAA, Pennsylvania residents have received over $8 billion in financial aid awards through the state’s grant program since 1966.
Pennsylvania college grads who pursue careers in public service or teaching can apply for a federal loan forgiveness programs. Loan forgiveness programs will repay a percentage of your student debt if you agree to serve in a service-based career, usually in a high-need area, for a certain amount of time. The Public Service Loan Forgiveness Program is available for students who agree to enter the service professions, such as law enforcement or public safety. The Federal Teacher Loan Forgiveness Program assists graduates who commit to teaching full-time in a high-need area.