What are Great Lakes Student Loans?
The student loan business is lucrative and it is part of the reason for the expanding cost of a college education. Potential students are trying to find ways to finance their college education and lenders are looking for ways to turn a profit on their money by investing it safely. Great Lakes student loan management assist in getting the two parties together: those who want to study and those who want lend them their money.
What Great Lakes Offers for Borrowers and Lenders
Great Lakes make available to students all the federal loans that are out there through the governments FFELP (Federal Family Education Loan Program). It even has Stafford loans that make available some cash for each year a student is in college. Many of the loans are subsidized by the United States government based on need, so a student will not have to pay interest until they finish school. This really helps reduce the cost of education because the government pays the interest until the student is ready to make payments when their schooling is complete. Even students with unsubsidized loans can benefit by opting to pay interest while in school which reduces compounding interest down the road when they are ready to make full payments.
Great Lakes Works with the Federal Government to Help Higher Education
Great Lakes offers other federal loans like PLUS loans, that are made available to the parents of students in all four years of study and to postgraduates in addition to Stafford loans. These loans are offered with a low credit score standard, which can be satisfied using a co-signer. Federal government loans are made available with FFEL also straight from the United States Department of Education. By handling FFEL student loans, Great Lakes give private investors a chance to get into the FFEL market.
Great Lakes Helps Students Meet their Educational Financial Needs
Great Lakes also make available private or unique student loans, made to join together the financial needs of college students and the investment goal of investors. These kinds loans make it possible for college students to handle additional cost of their education that government loan cannot cover.
Services Available at Great Lakes
Great Lakes has many services for potential college students and those that lend them money, this lets students prepare for their education, assist the lenders expand their business and assist the nation in expanding higher education. Great Lakes provides resources like pamphlets and internet resources informing prospective college students of the benefits of getting a degree, loan calculators for students, and educational loan information for loan providers, lenders, universities, and campus counselors.
Great Lake Helping the Build a Better Future through Education
Great Lakes Higher Education Corporation and Associates are committed to helping people change their lives with higher education. They work in conjunction with universities, colleges, loan companies, and community groups to assist millions of Americans find the financial ability to get a college education and create a better future for all.