Repayment: Understanding Your Loan Payments
Your loan repayment may start as soon as funds are disbursed to your school, following your individual payment schedule. Repayment is structured around two types of payments.
During School (In-School Payments)
These are smaller payments made while you're still in your program — a great opportunity to build healthy financial habits early.
- ✓Payments can range from a one-time payment to multiple payments throughout your education
- ✓Even making small payments (e.g., $10/month) can positively impact your credit scoreand improve your chances of successful repayment
- ✓Once your first in-school payment is scheduled, subsequent payments will continue on the 15th of each month
Post Graduation (Income-Based Repayment)
These payments begin after the graduation date that your school confirmed during the loan certification process.
- Payments: Your monthly payment is based on a percentage of your income, as outlined in your Income-Based Repayment Note. Think of it as your loan doing math on your behalf — the more you earn, the more you contribute, and vice versa.
- No update? If your income changes, let AES know. If you don't, we'll update your income annually based on the assumed salary for people in your career field — and your monthly repayment will update accordingly
- Early or full payoff: You can pay off the loan in full at any time with no penalties
Important Documents
We strongly recommend saving these key documents as a PDF to your computer or phone for easy access. You can also find them anytime in your Edly Student Dashboard at edly.com/login
- ✓Income-Based Repayment Note
- ✓Final Disclosure
⚠️ Before signing, make sure you review these documents carefully — including your repayment schedule and monthly payment amounts.
Loan Management: Managing Your Loan with AES
AES is where you'll make all your monthly loan payments. Everything you need to know about managing your Edly loan with AES is below.
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Your Loan Servicer (AES) 
Edly uses AES (American Education Services) as our billing partner and loan servicing provider. Once your loan is disbursed:
- ✓AES manages your loan account
- ✓AES handles billing and payments
- ✓AES is your main point of contact for repayment questions
ℹ️ You make payments to AES, not Edly.
Setting Up Your AES Account
⚠️ Create your AES account as soon as you reach the last step of your loan application. Your loan will not be ready for disbursement to your school until this is done.
Create your account here:
⚠️ Since your loan is active, you should have already created an AES account at this point. If you have any issues creating the account, please contact AES' customer service directly: 1-800-233-0557
What You Can Do in the AES Portal
Through your AES account you can:
- Set up your payment method
- Schedule payments
- Enroll in Autopay
- View your balance and payment schedule
- Download the AES app on your phone – https://www.aessuccess.org/manage/your-account/mobile-app
You may also contact AES Customer Service directly:
Why We Recommend Autopay
Setting up Autopay helps you:
- ✓Ensure on-time monthly payments
- ✓Avoid missed payments
- ✓Build positive credit history
- ✓Stay consistent and organized
Missed Payments and Delinquency Warning
Missing loan payments doesn't just affect your account — it follows you. A reported missed payment can drop your credit score significantly, making it harder to do things like rent an apartment, qualify for a car loan, or even land certain jobs. The good news is that, even if you miss a payment, making consistent, on-time payments going forward can help you rebuild your credit — and every positive payment is a step in the right direction.
- 0–30 days late: Late status
- 31+ days late: Delinquent — reported to credit bureaus each month if the loan remains delinquent
- 210+ days late: Account is reported as a defaulted loan and may be referred to a collection agency
- ⚠️ Once an account is reported to credit bureaus or sent to collections, the damage to your credit score is significant and difficult to reverse. If you need help, reach out to us at careercounselor@edly.com or contact AES at 800-233-0557 to stay ahead of your payments.
Quick Answers
Who do I contact for payments? AES — your loan servicer.
Should I wait until repayment begins to create my AES account? No. Create it as soon as you reach the last step of your Edly application. Your loan will not be disbursed until it's set up.
Does setting up Autopay matter? Yes. It helps ensure on-time payments and supports credit building.
Can I pay off my loan early? Yes. You can pay more than the monthly minimum or pay off the full balance at any time — there are no penalties.
