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…
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…
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…
Is Student Loan Consolidation Right for You?
When you’re working towards an undergraduate or professional degree, it’s not unusual for you to take out more than one student loan in order to reach your educational goals. Yet, you might wonder how these student loans will affect your…