Great Lakes Student Loans
Great Lakes Student Loans does not loan money to students as their name applies. Rather, they service the loans for the lenders.
They collect the loan payments for the lenders. Their clients include the U.S. Department of Education as well as direct loans from Universities, FFELP loans and private loans.
Great Lakes Student Loan services can also help you consolidate your student loans, postpone your payments or renegotiate for lower payments.
Student loans like other securities are often changed hands. It's possible that you didn't start out with Great Lakes but ended up with Great Lakes.
Some other services offered by Great Lakes Loans are:
FASTChoice - A product universities can use to help sell their student loans
ScholarNet - It's a database that schools can tie into to see who else students have borrowed from and any issues there are
Central Disbursement Service (CDS) - A single point of disbursement of funds to all of the school's partners.
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