Great Lakes Student Loans

Great Lakes Education Loans Services LogoMany students looking for loans would have heard Great Lakes student loans mentioned at some point. The Great Lakes Educational Loans Services is one the leading names among companies specialized in providing student loans. They have remained one of the best despite competition from other more recent lenders out there.

Great Lakes Educational Loan Services does not on its own provide loans. They are mostly a student loans management company, providing the backend for the student loan process. Students who borrow from this program are essentially borrowing from a third party. Great Lakes provides accounts management, loan repayments management and consolidation.

What Great Lakes Does?

Students who have borrowed money fro college can sign up for an account at Great Lakes and have them manage their student loans for them. With their experience in managing student loans, it will be a great convenient for you. You will be able to make payments and manage your loans right from their website. They have also developed tools that you can use to calculate how much you will end up paying on the amount of money you borrowed. The company also provides advise to students on how they can effectively manage their student loans.

For high school seniors, there are some tools on the site that aims to address any financial questions they might have about college. For those who have are not sure about attending college, there are plenty of articles that seek to weigh the pros and cons of college.

Student Loans Management.

Great lakes is one of several companies that help students better manage their college loans. Graduates who are struggling to make payments on their student loans can turn to Great Lakes to help them with their loans management.

Defaulting on a student loans payment can have wide implications for both the borrower and the lender. It costs the lenders money as well as tax payers money to absorb a defaulted student loans. At the same time, the graduate defaulting on their loan repayments will end up being credit unworthy for a very long time making it very difficult for them to secure credit in the future.

Student loans consolidation is one option that is encouraged by loans management companies to help borrowers better manage their loans. Great lakes Educational Loan Services provides student loans consolidation to help struggling students better manage their loans.

{ 6 comments… read them below or add one }

Sally Rush November 15, 2012 at 8:18 am

This student is now a full time, unpaid intern. As her parent I’am taking care of all her finances until she is finished with school, early 2013. I need to make a payment to her account and have her put into forrbearance for the time. We are a military family living in Germany so I’am 7-8 hours ahead of you. Please let me know what you need me to do to help her. Sally M Rush Acct#*****9701 CFI REF *** I do have your 800# and address please let me know what to do next. Mrs. Rush

Sally Rush November 15, 2012 at 8:21 am

Need to help daughter with consolidation.

money4uni November 15, 2012 at 9:45 am

Hello Sally, this website is not in any way associated with the great lakes student loans program. Does your daughter have several loans from different sources? If so then consolidation will be a great option if you are struggling to make payments. Know that a consolidation loans is a brand new loan. The lender simply pays off all your previous loans and issue a single new loan with different payment terms and interest rate. If you want to make payments on her account, you need to login to her account on the great lakes website and make payments. As you do already have their contact information, I will suggest you call them directly for guidance. Thanks

William G. Hahn January 28, 2013 at 6:38 pm

If I want to set up an allotment from my military retirement, shouldn’t I be able to? Direct Deposit is the wave of the future. Since you already work with the Dept of Education, I would think the US Treasury would have some guidelines in place to accept electronic payments for an establishment of your status.

Something seems wrong about this process. Please contact me and help me understand.

Bill

Chantell Metcalf February 6, 2013 at 1:59 pm

Good Morning,

I would like to speak with someone about my current loan. I would like to know if my payments can be reduced. My income is currently being garnished. I need to go back to school and would also like to know if it is poosible for my loans to come out of default. Thank you in advance for assistance in this matter.

CLM

Sherry Swenson February 8, 2013 at 5:41 pm

Looking for my1098

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