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The Benefits Of Great Lakes Student Loans
from:Great Lakes student loans are considered by many to be some of the best managed student loans, ensuring that the application process, loan management and repayment options are all correctly matched to the student and his or her individual needs. Great Lakes student loans are provided by the Great Lakes Higher Education Guaranty Corporation, which is one of the largest lenders in the Midwestern United States. They have been approved by the National Association for College Admissions Counseling (NACAC), which means that individuals taking out Great Lakes student loans can be assured that they are dealing with a reputable and reliable company.
The biggest benefit to Great Lake student loans is that they offer the complete service and loan process in house, no outsourcing or third party management of the loans or the loan application process. Students or borrowers can work with one individual throughout the entire life of Great Lake student loans and don't have to worry about dealing with a new company every few years as the loan is sold or transferred. This company prides itself on person service and flexible options for students both during their education as well as in the repayment period after they have graduated.
Like with most lenders, Great Lakes student loans are all accessible online through their secure website 24 hours per day, any day of the year. In addition to just providing access to your current statement, payment and borrowing information, they also provide online calculators that can help students determine the benefits of paying interest only, deferring payments or even in early payment of the loan. There is no fee associated with the use of these online tools nor is early payment of a student loan penalized or charged.
If students would prefer to work with a counselor or financial planner, Great Lakes Higher Education Guaranty Corporation provides information through Admissions Counselor or through school based programs to ensure that students completely understand the loan process and their options throughout their educational career. With this personalize and flexible service the company is able to work with students to prevent problems that can arise when students are not informed about their loan payment options.
Through the corporation there are different types of student loans offered, and like any private lender they recommend that students first get all the scholarships, grants and federal loans possible, then use private loans as a bridge or supplement to balance their education budget. Restrictions on what a student can use the student loan money for are the same as any other lending institute.
Federal Student Loans News
Student Loan Grace Period Over: Now What? - Fox Business
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Make moves now to increase financial aid - CBS News
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Why Can't You Discharge Student Loans in Bankruptcy? - TIME
 Bloomberg | Why Can't You Discharge Student Loans in Bankruptcy? TIME It's no surprise that student loan debt is a major concern. Federal and private student loan debt surpassed credit card debt for the first time in 2010 and is expected to hit $1 trillion this year. At the same time as college graduates are experiencing ... Student loans the 'next debt bomb' for US, attorneys warn Bankruptcy Lawyers: Student Loans May Be 'Next Debt Bomb for US' Student loan debt: The next financial disaster? |
S&P says student loan debt could be next financial bubble - Los Angeles Times
S&P says student loan debt could be next financial bubble Los Angeles Times "Student-loan debt has ballooned and may turn into a bubble," S&P said. "There are more defaults and downgrades for some student loan asset-backed securities." Federal and private student-loan debt is approaching $1 trillion and surpassed credit-card ... |
University ranked highest in Ohio for student loan debt - BG News
University ranked highest in Ohio for student loan debt BG News "The students come in and the family doesn't have a tremendous income, but it's enough to kind of push you out of the federal grant programs," he said. "So then you start looking at institutional grants and federal loans." Though University officials ... |
A Closer Look at the History, Subsidies, and Cost of Federal Student Loan ... - New America Foundation (blog)
A Closer Look at the History, Subsidies, and Cost of Federal Student Loan ... New America Foundation (blog) In his State of the Union address, President Obama called on Congress to prevent federal student loan interest rates from doubling later this year. This is the culmination of decades of legislative changes to the federal student loan program. |
An Unfair Value for Taxpayers - Center For American Progress
 Center For American Progress | An Unfair Value for Taxpayers Center For American Progress Today the two biggest permanent federal credit programs budgeted under Federal Credit Reform Act reporting standards are the Federal Housing Administration's single- family mortgage insurance program and a wide portfolio of student loan programs. |