August 29, 2019

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…

August 05, 2019

Everything You Need to Know About Student Loan Collections

In March 2019, it was announced that borrowers owed more than $1.5 trillion in student loan debt. Just a few months later, Bloomberg released an article stating $3.3 billion of this astronomical figure was in collections, and that collecting on…

July 22, 2019

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…

June 05, 2019

Can You File Bankruptcy on Student Loans?

College graduates will earn an average of $50,004 in 2018, according to a report by the National Association of Colleges and Employers (NACE). Compare this to the $29,800 graduates average in debt, not to mention other debt and living expenses,…

April 05, 2019

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…

June 26, 2018

Behind On Student Loans? You Could Lose Your Right to Work

Do you have defaulted student loans? In nearly half of U.S. states, you could have your driver’s license – along with any professional licenses you hold – suspended for failing to repay your loans. Last year, the New York Times…