About Great lakes higher education corporation and affiliates
Great Lakes Higher Education Corporation and Affiliates is a non-profit organization that provides student loan services to millions of students across the United States. The company was founded in 1967 and has since then been committed to helping students achieve their educational goals by providing them with affordable loans, repayment options, and other helpful resources.
One of the main services offered by Great Lakes is student loan servicing. This means that they manage the repayment process for federal student loans on behalf of the U.S. Department of Education. They also service private student loans from various lenders, making it easier for borrowers to keep track of their payments and stay on top of their debt.
To access these services, borrowers can log in to their Great Lakes account or sign up for account access if they haven't already done so. Once logged in, they can view details about their loans such as balance information, payment history, interest rates, and more. They can also make payments online using a variety of payment methods including debit card or bank transfer.
In addition to loan servicing, Great Lakes offers a range of resources designed to help students manage their debt more effectively. For example, they provide information about different repayment plans available for federal loans such as income-driven repayment plans which adjust monthly payments based on income levels.
They also offer guidance on how to consolidate multiple federal loans into one convenient payment plan which can simplify the repayment process significantly. Furthermore, Great Lakes provides tools like calculators that help borrowers estimate how much they will need to pay each month based on factors like interest rates and loan terms.
Another important aspect of Great Lakes' mission is promoting financial literacy among students so that they are better equipped to manage their finances both during school and after graduation. To this end, they offer free online courses covering topics like budgeting basics and credit management skills.
Overall, Great Lakes Higher Education Corporation and Affiliates is an excellent resource for anyone looking for assistance with managing student loan debt or seeking guidance on how best to finance higher education expenses. With its commitment to providing affordable lending options coupled with comprehensive support services aimed at empowering borrowers financially - it's no wonder why so many people trust this organization when it comes time for financing education costs!