WebAs of December 31, 2024, Great Lakes was servicing $224.4 billion in government-owned student loans for 7.5 million borrowers, $10.7 billion in Federal Family Education Loan (FFEL) Program loans for almost 479,000 borrowers, and $8.5 billion in private or consumer loans for over 415,000 borrowers. WebOct 15, 2024 · The U.S. Department of Education today announced stronger standards for performance, transparency, and accountability for its student loan servicers aimed at protecting borrowers. Six loan servicing companies – Great Lakes, HESC/Edfinancial, MOHELA, Navient, Nelnet, and OSLA Servicing – will be held to these higher standards …
What Is Great Lakes Student Loans? - The Balance
WebMar 13, 2024 · Great Lakes is a nonprofit corporation, headquartered in Madison Wisconsin. In combination with its parent company, it now services 42% of the total federal student loan debt in the US. Prior to the consolidation with Nelnet, Great Lakes actually seemed to be one of the less troubled servicers. Common Great Lakes Student Loan … WebOct 15, 2015 · Great Lakes Educational Loan Services, Inc. 2401 International Lane Madison, WI 53704 (800) 236-4300 ... on this spot arthur
Circular 26-18-28 - Veterans Benefits Administration Home
WebWelcome Great Lakes Borrowers! If you've received a welcome notice from us, it's time to register for an online account, ... Yes, we’re a student loan servicing company – but we’re much more than that. We’re a service … WebNelnet bought great lakes educational loan services about 5 years ago. Have still been mostly operating as separate companies. They are now really trying to consolidate it into one Great lakes has always been a top 2 servicer, and if continued as a separate entity, would still be getting the most new awards. WebNov 2, 2024 · If you have a Direct Student Loan serviced by Great Lakes, you probably haven’t noticed any change or even heard of Ascendium. In 2024, Great Lakes Educational Loan Services was acquired by Nelnet. … on this spot app