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FedLoan, or otherwise known more fully as FedLoan Servicing, is the customer service center to borrowers of student loans that are owned by the United States Government. They also go under the name of AES which is short for American Education Services. It is controlled by the Pennsylvania Higher Eduction Assistance Ageny. It started in 1964 and today services more than $100 billion in total assets.
One of the biggest banks in the world, Wells Fargo, and one of the largest retailers in the world, Amazon, have joined forces. Their new product is Amazon Student Loans. By being an Amzon Prime member, students can get discounted student loans.
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