Read this complete guide on Great Lakes Student Loans Reviews. I will share all the pros and cons of these Great lakes student loans and how it good loan to take.
Working with a reliable provider for your student loans makes a huge difference. After all, they will clear any doubts and answer all of your worries. Great Lakes is one of the available providers on the market, responsible for answering our questions.
Great Lakes Student Loans Reviews
Once you obtain your student loan, you will be contacted by the student loan servicer. The U.S. The Department of Education will assign you a service, which will connect you and your lender. In our Great Lakes Student Loans Reviews, we reveal all you need to know about this company.
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How will Great Lakes assist you?
Great Lakes isn’t a lender, but they are the bridge between you and your lender. They can serve both private and federal loans and assist you in different areas. However, keep in mind that you don’t pick your student loan servicer.
This company services federal student loans, which means that they can assist you with refinancing, loan forgiveness, and other vital areas. If you wish to sign up for automatic payments to make sure that you won’t miss them, they will help you.
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In case the monthly payments are becoming too costly, you can contact the Great Lakes for assistance. They will adjust the payments to your income so that you can afford them. Other things that they can assist with are forbearance, loan forgiveness, or postponing payments.
One of the essential features for students is autopay. If you manage additional payments each month, you might forget to pay for your student loan. Great Lakes will deduct money from your account each month if you decide to activate autopay and reward you with a 0,25% reduction in interest rate.
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Also, your servicer will handle any extra payments you make. If you wish to pay off your student debt sooner with additional payments, make sure to contact them over the phone. This will ensure that the amount will be applied to the total balance and not considered an upfront payment for the next month.
Making your regular monthly payments is a direct experience with Great Lakes. They offer a few options so that you can choose the most convenient one for you. You can make a payment by phone, and the agent will make sure that the process is completed. Another available option is a designated mobile app.
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This allows you to make your payments within a few taps on your mobile device. Hence it is a hassle-free way to deal with your responsibility. You can also make a payment online by logging into your account. If you prefer the traditional way, send a check over via mail.
Creating an online profile is very ways and train froward. Head to their official website and complete the registration process. It will request personal information, such as social security number. You can log into your account anytime and keep track of your payments.
Can you switch Great Lakes with another student loan servicer?
Student can’t change their loan servicer. The U.S. The Department of Education will assign a servicer once you have your student loan, so you don’t have the option to choose between different companies. However, you can switch to another service if you consolidate your debt or refinance it.
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Great Lakes has a convenient online website where you can keep track of your repayments. They offer a payment planner, which is a helpful feature for students. Aso, you can start paying off your debt while still at school. You won’t only get to save on interest, but you can knock down the student debt faster.
Also, this service has excellent customer support, available through different contracting methods. If you need quick help, you can contact them through Twitter or Facebook. If you need extensive assistance, you can call them on the phone or reach out by mail.