Great Lakes Student Loan Refinance and Consolidation
Great Lakes is one of four servicers approved by the Department of Education to handle federal student loans. In 2018 alone, Great Lakes worked with over 7.5 million borrowers and managed more than $232 billion in student loans, making them…
President Trump Signs Executive Order to Forgive Student Debt for Disabled Military
In a surprising move by the Trump administration, President Donald Trump signed an executive order this week that could potentially give thousands of servicemembers better access to student loan forgiveness. Coming after criticism about the administration’s actions on behalf of…
Is Paying Off Student Loans with a Credit Card a Good Idea?
Credit cards are a great way to build credit, finance a purchase, and in some cases, even pay down debt. But despite their advantages, credit cards have become a big problem for many Americans, who sometimes use these valuable tools…
How to Change Your Student Loan Servicer
If you have student loans, there’s a good chance you owe money to one (or more) of the Department of Education’s approved servicers: FedLoan, Great Lakes, Navient or Nelnet. But if you’re unhappy with your servicer, or you’d like to…
California Becomes Fourth State to File a Navient Lawsuit
At the end of July 2018, California’s Attorney General Xavier Becerra filed a lawsuit against Navient, making it the fourth U.S. state to sue Navient in support of student loan borrowers. Currently, the three other states suing Navient include Illinois,…
Secretary DeVos Moves Against Student Debt Relief for Defrauded Students
During his time in the White House, President Obama’s work on behalf of borrowers earned him plenty of praise. But with a recent proposal from Department of Education Secretary Betsy DeVos, at least one of these efforts could be dialed…