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The former loan servicing arm of Great Lakes, the Great Lakes Educational Loan Services, Inc. guaranteed over $51 billion in loans under FFELP, and works with 6,000 schools, 1,100 lenders and 10,000,000 borrowers. [7]
Ask your employer about SECURE 2.0. If your company has a matching retirement plan, ask about this new provision in SECURE 2.0 that counts student loan payments toward your 401(k).It's effective ...
With student loan forgiveness still uncertain, borrowers can expect more changes -- and perhaps some potholes -- on the road to paying down student loan debt. As part of the Biden administration's...
Many of the borrowers received bills with charges higher than they should be. The Department of Education identified the errors and directed student loan servicing companies to place the impacted ...
The student loan servicing industry has had better days. Over the last several months, many servicers – companies that contract with the federal government to manage billing, customer service ...
After Navient was banned from federal student-loan servicing, Elizabeth Warren told BI it's a warning to other servicers: "Their days are numbered." Student-loan companies that don't do their jobs ...