PHEAAPennsylvania Higher Education Assistance Agency
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(15) PHEAA, also known as FedLoan Servicing, services the loans of borrowers who are working towards PSLF.
To shore up its insurance program, the feds partnered with dozens of nonprofits and state agencies, including PHEAA. The government would pay out 1 percent of each loan an agency managed.
Servicer Matrix Pre-SAFRA FFEL Loan Pre-SAFRA FFEL Loan Originator DL Servicer Servicer ACS [check] [check] Great Lakes [check] [check] Nelnet Servicing, LLC [check] [check] PHEAA (1) [check] [check] Sallie Mae [check] [check] Post-SAFRA Private Loan FFEL Post-SAFRA Originator/ Guarantor OL Servicer Lender ACS [check] (2) Great Lakes [check] [check] (2) Nelnet Servicing, LLC (2) [check] PHEAA (1) (2) [check] Sallie Mae (2) [check] [check] (1) PHEAA conducts student loan servicing operations commercially as American Education Services and as FedLoan Servicing for federally-owned loans.
In Pennsylvania, this program type is exemplified by the PHEAA State Grant.
"A highly skilled workforce will attract business to Pennsylvania," says Keith New, PHEAA's director of communications.
PHEAA provided funds for the acquisition of microcomputers for CORES site labs, software for class use and tuition scholarships for participating teachers.
All courses ae free to teachers through tuition scholarships from PHEAA.
Operational Capabilities: Day-today servicing is provided by PHEAA. Fitch believes PHEAA to be an acceptable servicer due to its extensive track record of servicing FFELP loans.
Pennsylvania Higher Education Assistance Agency (PHEAA) acts as backup servicer for the entire pool.
Securities and Exchange Commission, affirmed PHEAA Student Loan Trust 2016-2 as follows: --Class A at 'AAAsf'; Outlook Stable; and --Class B at 'AAsf'; Outlook Stable.
New York: Fitch Ratings has affirmed PHEAA Student Loan Trust 2016-2 as follows: