MyGreatLakes.Org | The Great Lakes Student Loans Scam?
Great Lakes Higher Education Corporation is one of the biggest service of student loans and guarantors in the United States.
Based in Madison, Wisconsin, it was intercepted in the year 1967 and takes pride in being the best service of federal loans to students. In collaboration with around 6000 schools and 1100 lenders, it is a service of federal loans to millions of students.
Their company slogan “Doing what’s right”, signifies their attitude of giving back to the community. If statistics are to be considered, until now, the company has facilitated around $130 million to students in the form of grants, scholarships, and college adviser services.
Most of the people get confused and think Great Lakes as a loan provider. However, this is not true. It does not offer loans but serves as a loan service and guarantor that makes it easy for the students to get an education loan without any hassles.
They act as a point of contact to the students with the help of their website and application. The students can easily have access to their loan information and can make timely payments with Great Lakes Loans.
Great Lakes Education acts as a mediator between the students who are borrowing the money and the loan providers. Whether the loan lending agent is the Federal government, state government, or a private lender, Great Lakes works in direct coordination with the student borrowers to manage all the details related to the loan.
With the help of the Great Lakes account, the student borrowers can access entire information about their education loan, see all the repayment options, keep a check on the outstanding balance and initiate regular payments.
It also works hand in hand with the students for calculating the entire cost of the loan to make the students understand all their responsibilities.
Great Lakes offers a wide range of the financial services for educating the students about the best methodology for managing their finances during and after their graduation.
All the detailed information like repayment options, loan deferments and the loan consolidation and preparing their borrowers for a financial emergency that mar threaten the process of their loan repayment.