Is my Great Lakes a federal student loan?
How Great Lakes Can Help You With Your Student Loans . Great Lakes is a U.S. Department of Education federal student loan servicer. We help with student loan questions, repayment, consolidation, payment relief, and more.
Can Great Lakes student loans be forgiven?
Great Lakes and Public Service Loan Forgiveness (PSLF) Once you’ve met all the requirements, your student loans may become eligible for forgiveness . If you’re approved for PSLF, all qualifying loans will be moved to FedLoan Servicing to complete the PSLF forgiveness process.
How do I contact Great Lakes student loans?
Call: (800) 236-4300 .
Where are Great Lakes student loans?
Our Locations Great Lakes is headquartered in Madison, Wisconsin, with operating centers in Rocky Hill, Connecticut; Eagan, Minnesota; Aberdeen, South Dakota; Plano, Texas; and Boscobel, Eau Claire and Stevens Point, Wisconsin.
How can I get rid of student loans without paying?
Actually, there are eight ways, and they’re all perfectly legal. Enroll in income-driven repayment. Pursue a career in public service. Apply for disability discharge. Investigate loan repayment assistance programs (LRAPs). Ask your employer. Serve your country. Play a game. File for bankruptcy.
Can I go to jail for not paying a student loan?
Technically, you cannot go to jail for not paying your student loans , the Education Department assures borrowers. If you oblige by standard procedures after failing to make student loan payments, getting arrested is not a possibility.
What happens if you never pay your student loans?
If you miss a payment on your federal student loans you have 270 days to make a payment before your debt goes into default. Once federal student debt is in default, the government is able to garnish your wage, your Social Security check, your federal tax refund and even your disability benefits.
Does student loans go away after 7 years?
Your responsibility to pay student loans doesn’t go away after 7 years . But if it’s been more than 7.5 years since you made a payment on your student loan debt , the debt and the missed payments can be removed from your credit report. And if that happens, your credit score may go up, which is a good thing.
Is there a lawsuit against Great Lakes student loans?
Great Lakes now faces a class action lawsuit . The suit claims that millions of people were affected by the company’s mistake and the actions of the credit agencies and they put people’s credit scores in jeopardy. Great Lakes did not provide a response about the class action lawsuit .
Who is the credit provider for Great Lakes student loans?
As one of the nation’s leading student loan servicers, Great Lakes services Federal Direct Loan Program (Direct Lending) loans. FFELP loans were funded by private lenders, such as banks or credit unions, and are guaranteed by the federal government.
Is Great Lakes a good loan servicer?
On average, Great Lakes received the highest score out of all of the loan servicers : 3.8 out of 5 stars.
Are Great Lakes student loans federal or private?
As a loan servicer , Great Lakes is neither a private nor a federal loan. The company actually services both private and federal loans, so the type of loan you have won’t change once you start paying it off with Great Lakes. That could change if you decide to refinance student loans through a private lender .
Are there sharks in the Great Lakes?
Most likely, shark fin “sightings” on the Great Lakes are either an apparition brought on by the sun, waves, fantasies or alcohol—or they could just be lake sturgeon. A big sturgeon does have a healthy, shark-like dorsal fin and tail, and they have been known to swim near the surface.
Will student loan be forgiven?
If you repay your loans under a repayment plan based on your income, any remaining balance on your student loans will be forgiven after you make a certain number of payments over a certain period of time.
How do you get your student loans forgiven?
The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer. Learn more to see whether you might qualify.