The Pennsylvania Higher Education Assistance Agency (PHEAA) has grown from a small student loan guarantor in 1963, with a guaranty volume of only 4,600 student loans to one of the largest, full-servic...
The Pennsylvania Higher Education Assistance Agency (PHEAA) has grown from a small student loan guarantor in 1963, with a guaranty volume of only 4,600 student loans to one of the largest, full-service financial aid organizations in the nation. Today, PHEAA manages more than $400 billion in total assets and serves millions of students and thousands of schools nationally through its state grant, guaranty, servicing, and financial aid processing systems. Since 1963, PHEAA has devoted its energy, resources and imagination to creating affordable access to higher education for students and their families. The Agency continues to take a leadership role in developing innovative ways to ease the financial burdens of students and borrowers, while streamlining delivery systems for schools and lenders. PHEAA conducts its student loan servicing activities nationally as American Education Services (AES) and FedLoan Servicing.