WebThrough the spring of 2024, Great Lakes will transfer its portfolio of federal student loans to Nelnet and will no longer be a student loan servicer. The U.S. Department of Education (ED) has authorized this transfer and has posted a notice about it at StudentAid.gov/greatlakes. Your loan was not sold. WebOct 25, 2024 · Below are the phone numbers for each of the federal loan servicers: FedLoan Servicing: 1-800-699-2908; Great Lakes Educational Loan Services: 1-800-236-4300; Edfinancial: 1-855-337-6884; MOHELA: 1 ...
Welcome to Nelnet, a Student Loan Servicing Company
WebJan 30, 2024 · Forbearance ends in 2024. Great Lakes Higher Education Corp. is one of several companies that service federal loan debt by collecting and tracking payments. Great Lakes is in the process of ... WebJun 30, 2024 · As of March 31, 2024, Nelnet was servicing $185.5 billion of student loans for 5.5 million borrowers under its contract, and Great Lakes was servicing $243.2 billion of student loans for 7.3 ... how do people afford living in california
Student Loan Transfers from Great Lakes - Nelnet
WebJul 18, 2013 · Here is the policy that Great Lakes (a leading federal student loan servicer) has for extra payments: Your additional amount will be applied: 1. First to any accrued interest not covered by your regular monthly payment. 2. Then to the principal balance—the amount of money you originally borrowed—of your loans with the highest interest rate ... WebGreat Lakes Credit Union understands it’s not easy to get through school without financial assistance. A private student loan from Great Lakes Credit Union can help pay for your educational expenses that weren’t covered by your financial aid package. Whether it’s tuition, room and board, books or even technology, we’re here to help! WebHere are four steps to make sure you’re prepared for student loan payments to resume: Update your contact information in your profile on your loan servicer ’s website and in your StudentAid.gov profile. Review your auto-debit enrollment or sign up for the first time. To do so, log in to your loan servicer ’s website or contact your loan ... how do people afford medical school