Thursday, April 11, 2013
Student Loan Xpress Loans Sold
Several of my clients that obtained loans from Student Loan Xpress to attend Silver State Helicopters School and were not part of the class action settlement have received notices informing them that Student Loan Xpress has sold their loan(s) to FCBD PSL & NPSL, effective March 28, 2013 and that "AES will continue to service the loan(s). Under the heading, "What This Means To You," the letters state that "The transfer in ownership of your loan(s) will not result in any inconvenience to you. You can continue to send your payments and correspondence to the usual addresses." My clients typically borrowed $69,900.00 to attend SSH and if they have not already settled their debts at a large discount with my help, they now have loan balances in excess of $100,000.00. These clients are generally not able to make the payments that are being demanded by AES.