Great Lakes Student Loans
Backend Student Servicing
Great Lakes Educational Loan Services is one of the largest, most experienced student loan providers in the industry. Regardless of intense competition from hundreds of other providers and lenders, Great Lakes remains highly respected and popular among students and lenders.
Guaranty Services
Borrowers who hold Great Lakes student loan accounts will have actually borrowed their loans from a partner lender. Great Lakes Educational Loan Services specializes in managing the back end of the student loan process, the business of account management, repayment and loan consolidation.
Student Loan Services
Graduates become well acquainted with the customer interface. You can view student loan accounts, make payments. Your account interface is completely secure and sophisticated. You will also find highlighted alerts that offer tips, Great Lakes information, and security alerts.
College students will find important information on student loans and the repayment process. Do you want to know in advance how much your loans will cost you once you become responsible for repayment? Great Lakes has designed a very useful Personal Financial Management section specifically for students and graduates. There is a pleasing blend of tools such as expense calculators and loan wizards, as well as concise articles on the basics of financial aid and how to properly manage your student loans.
High school students unsure about college will be greeted with a number of tools targeted to their concerns. The "College Justificator" is a savvy informational article that presents undecided students with enough financial and personal pros and cons to be more prepared to make an informed decision. A Flash presentation in the middle of the article serves to visually reinforce the value of a college education from the aspect of career opportunity. The message: students who do not go to college only have access to lower level careers and only make X amount of income, versus students who pursue higher education offering them unlimited career opportunity as well as income potential.
Student Loan Debt Management
Like any other student loan services, Great Lakes is invested in guiding graduates to wise loan management. There are significant risks associated with students defaulting on their college loan repayment. As a result, many financial management services spend much of their time advertising the ease and convenience of student loan consolidation.
When a graduate defaults on student loans, both parties lose. Default costs companies and taxpayers. At the same time, a student who defaults may be credit-disabled for years. In order to head off problems, companies like Great Lakes offer loan consolidation as well as products and services that can roll multiple student loan payments into one, low monthly payment.
