MyGreatLakes Or Great Lakes Higher Education Corporation is considered to be one of the largest student loan providers as well as guarantors in the United States. This non-profit corporation is headquartered in Madison, Wisconsin.
In addition to that, it is one of the four largest companies which service United States federal student loans and those are Great Lakes, Nelnet, Navient, as well as the Pennsylvania Higher Education Assistance Agency. In the year 2018, the loan servicing part of the organization was sold to Nelnet.
At times, the company also offers education-related grants, which mainly focuses on increasing access to higher education. As we all know that higher education is the quite expensive business that families and students face, and at that time everyone gets confused about what to do but this issue can be sorted or can become a simpler process with the help of Great Lakes as it connects lenders to borrowers. On the other hand, the company can grant its student clients access to Companies $244 billion through scholarships, grants, and many much more.
On the other hand, Great Lakes is a major Employer of Labour for those who live around or else within their Outlets as well as Headquarters. All over the United States of America, Great Lake also employs more than 2,000 people.
In addition to that, the motto of Great Lakes is: “Do what’s right!” along with this they do what they say with so much self-confidence.
If you are one of those who are searching to get more information on MyGreatLakes, then you must read the following article until the end. You are perfectly at the right place as today with the help of this article, we are going to provide you with major details regarding MyGreatLakes. So, without wasting any time let’s get started….
Table Of Contents
- 1 Great Lakes Student Loans
- 2 Mygreatlakes.org: MygreatLakes Student Loans
- 3 Why you Need Great Lakes Student Loans?
- 4 MyGreatlakes Account Registration And Login Process
- 5 Mygreatlakes Monthly Payments
- 6 Interest Rates for Great Lakes Students Loan
- 7 Is MyGreatlakes legit or Scam?
- 8 Great Lakes student loans customer service
- 9 Final Words
Great Lakes Student Loans
The Great Lakes Higher Education Corporation is one of the best platforms for providing Student Loan in the USA. The Scheme was founded in the year 1967 as well as it is headquartered in Madison, Wisconsin. This corporation is considered to be one of the most prestigious non-profit student loan companies located in the US.
This non-profit corporation comprises of more than 1,100 lenders as well as 6,000 schools, students at prestigious universities who have great access to federal credit and can study what is a stepping-stone to their optimistic future.
With more than 8 million Customers, Great Lakes Student Loans holds the Guarantees on nearly 75 billion in Loans for the Federal Family Education Loan Program. As a result, the Company has invested about $260 Million in Students grant as well.
Though Great Lakes has its headquarters in Wisconsin, at the same time, it also has many other outlets all over the United States. These Outlets comprises of Indiana, Minnesota, South Dakota, Texas, as well as Connecticut.
Since the year 2011, this corporation is considered as a major Student Loan Servicer and it has also been ranked as #1 Servicer by the borrowers who have taken part in the US Department of Education Quarterly survey.
With the help of MyGreatLakes student loan account, all the users can take advantage of many different options while dealing with various financial issues, like Repayment options, checking outstanding credit, setting up a payment plan or else even computing the total amount of the cost of the loan.
Mygreatlakes.org: MygreatLakes Student Loans
Mygreatlakes or Great Lakes Higher Education Corporation is the most reputed and renowned student Loan company that started in 1967 based in Madison, Wisconsin. the Organization have collaboration with more than 1100 lenders and 6000 Schools, Mygreatlakes make it easier for the student to access Federal Loans and fulfil their dreams of studying at the prestigious Institution. Mygreatlakes is the ideal for the Student seeking the services of Loan guarantor as the company has facilitated $130 million in the form of scholarships, grants, etc.
With the help of Great Lakes, higher studies can look really easy for the Students and Families struggling with finances. Acting as a facilitator between students and loan providers, MyGreatLakes serves as a single-point-of-contact for borrowers seeking all the information related to their Federal Student Loans.
With the help of the mygreatlakes.org website and mobile App, a borrower can easily check all the information related to their loan on a single screen. they can also access the portal to repay the loan on time, very easily. Just they need to do is to visit the MyGreatLakes.org website, login to the account to get all the information that they want to access.
Why you Need Great Lakes Student Loans?
Great Lakes Higher Education Corporation is considered to be one of the biggest services of student loans as well as guarantors in the United States.
The Corporation is basically based in Madison, Wisconsin, it was cut off in the year 1967 as well as it takes pride in being the best service of federal loans to the students. In collaboration with around 6000 schools along with 1100 lenders, it is a service of federal loans that are offered to millions of students.
MyGreatLakes helps the students by providing them with student loans as well as believes in doing what’s right by offering efficient services. It helps in broadening your perspective towards student loan facilitators as well as to make the right move in taking your career to great heights.
The slogan of the company is “Doing what’s right”, which implies their attitude of giving back to the community. While considering the statistics, until now, the company has assisted about $130 million to students in the form of grants, scholarships, as well as college adviser services.
Great Lakes Education also acts as a mediator amid the students who are borrowing the money as well as the loan providers. With the help of the Great Lakes account, the student borrowers can easily get access to the complete information about their education loan, you can also see all the repayment options, keep a check on the outstanding balance as well as can start regular payments. It also works hand in hand with many of the students in order to calculate the entire cost of the loan to make the students understand all their responsibilities.
In addition to that, Great Lakes offers a wide range of financial services for educating the students about the best methodology in order to manage their finances as well as after their graduation.
On the other hand, Great Lakes student loans also help the students to offer all the detailed information such as repayment options, loan deferments, as well as the loan consolidation and making their borrowers for a financial emergency that might possibly threaten the procedure of their loan repayment.
MyGreatlakes Account Registration And Login Process
One must take note that My Great Lakes is a very user-friendly platform that takes into account the interests as well as concerns of its customers. If in any case, the student at some point feels like to want to know about it then they can access the information about their student loan easily by going through the official MyGreatLakes website.
The whole procedure is very simple as well as quite fun at the same time. On the other hand, the student just has to click on the registration option in the top right corner of the page in order to make an account on mygreatlakes.org (the Great Lakes Student Loan website) as well as to become a member of Great Lakes Student Loans online. This step might take only a few seconds of yours.
Whenever you will create your account or else want to login, then some of your details will be required which comprises your social security number as well as your date of birth at the first screen. In addition to that, you also have to enter a user ID, email address along with the password. while you are done with the Signup, there is going to be a green screen which will state that your account is successfully created.
The requirement to create an online account comprises of a person’s social security number along with their date of birth.
Subsequently, Great Lakes credentials, as well as settings, must be verified. As soon as an account has been created, the transaction can be accomplished and the financial info will get revealed in a few clicks.
Mygreatlakes Monthly Payments
You can make Mygreatlakes Monthly Payments in three different ways and those methods are as follows:
If in case you are a federal borrower as well as you have also named Great Lakes as your service provider, then at that time you can make your payments online very easily. For this, you have to make an account on the online portal as well as to sign up for mygreatlakes.org.
At the time of signing up, your personal information like your name, date of birth, social security number, and so on will be asked. Here, major information regarding your loan can then be obtained in a few easy steps.
For log in to mygreatlakes.org, you will set username as well as a strong password and after that, you will be assigned an account. You can only use your debit card (not Credit cards) in order to organize the payments and you can download the mobile application.
Pay By Check
If you want you can also immediately send a check or money order to Great Lakes every single month and can send it by email. On the other hand, this needs a reminder as well as it will also take some time.
Third and the last method is that you can set up an automatic payment option so that your payments are always be debited from your bank account as well as you will be alerted. With the help of this method, you can easily benefit from a 0.25% interest rate cut on all direct loans that you pay off. And you are unlikely to miss payments as well as to get a fine. In addition to that, you can easily change the amount debited from your account by just simply signing up.
Interest Rates for Great Lakes Students Loan
One must take note that Private Student Loan companies such as the Great Lakes do not fix interest rates on student loans. In spite of that, the United States government also through Congress decides yearly on the interest rates on student loans of the federal government based on the financial condition of the market. Interest rates might possibly also vary while depending on the type as well as the type of federal student loan.
Federal student loans, on the other hand, are always fixed as well as remain constant for the time duration of the loan that is for the duration of the student loan.
At the same time, the interest rate does not depend on the solvency or else the ability of the borrower in order to repay the money or not. The interest rates on the other hand also depend only on whether the person’s loan is subsidized or not.
The interest rate on the federal student loan is given by the Federal Government as well as these are serviced by private companies such as Great Lakes. In addition to that Congress decides the interest rate on the Federal student loans each year on the basis of the financial market. The interest rates vary depending on the type of loans.
At the same time, the rates are not based on the credit score or else on the basis of the ability of the borrower in order to repay them. All the federal student loans have got a fixed interest rate on them along with this they also do not change all over the tenure of the loan.
|Loan Type||Borrower Type||Interest Rate|
|Direct PLUS||Graduate, Parents||7.00%|
|Perkins Loans||Undergraduate, graduate||5.00%|
Is MyGreatlakes legit or Scam?
One must take note, especially those who have doubts about MyGreatlakes, it is a registered program of the study service provider of the federal government.
MyGreatLakes works with federal loans in order to offer students loans on reasonable terms as well as customizable payment methods tailored to their needs. My Great Lakes is considered to be an important institution that plays an important role in the Student Loan Sector.
It is not like the private lenders as it offers loans to the federal government, removing the fear of high-interest rates.
Great Lakes student loans customer service
In case if you have any doubts or want to clear your doubts regarding Great Lakes Loans or else you have any questions regarding the legitimacy of MyGreatLakes, then you can contact Great Lakes student loans customer service.
For solving your doubts regarding Great Lakes Loans, you can call on +1 800-236-4300 from 7:00 am to 9:00 pm from Monday to Friday.
On the other hand, if you want you can also drop a mail to the customer service by simply filling up the complaint form at the official website in the contact us section. My Great Lakes representatives are also going to be happy in order to solve all the queries in a few hours.
Overall, MyGreatlakes is one of the best genuine student loan service providers. It provides you a variety of services that everyone would love to experience.
In addition to that Great Lakes, Student Loans Customer Service team works 24/7 in order to solve any of your issues and concerns. You can call either on this phone number + 1800-236-4300, between 9 am and 7 pm, exactly 14 hours. On the other hand, customer service is accessible from Monday to Friday throughout the week.
In this article, we have discussed many things about MyGreatlakes to give you a clear picture of this great student loan service provider. Hopefully, this information will be beneficial for you.