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  2. Student loans: New loan servicers may complicate payment ...

    www.aol.com/finance/student-loans-loan-servicers...

    The current loan service providers for the Federal Student Aid (FSA) program are: Great Lakes Educational Loan Services, Edfinancial, MOHELA, Aidvantage, Nelnet, OSLA Servicing, ECSI, and the ...

  3. Great Lakes Higher Education Corporation - Wikipedia

    en.wikipedia.org/wiki/Great_Lakes_Higher...

    In October 2017, Great Lakes Higher Education Corporation reached an agreement to sell off 100% of the stock of its subsidiary, the Great Lakes Educational Loan Services, Inc. to Nelnet. [8] The company was to be sold for $150 million, initially keeping CEO Jeff Crosby in charge, but with a plan of consolidating the companies together. [9]

  4. Is your student loan helping you build a good credit history?

    www.aol.com/student-loan-helping-build-good...

    If you have federal student loans, your loan servicer will typically report missed payments after 90 days—the timeframe is just 30 days for private student loans. Just a single missed payment ...

  5. Nelnet - Wikipedia

    en.wikipedia.org/wiki/Nelnet

    On February 7, 2018, Nelnet completed its acquisition of Great Lakes Educational Loan Services, Inc. [8] The combined company is the largest servicer of student loans in the United States, with $397 billion in loans, or around 42% of all student loans in the United States.

  6. How to consolidate student loans & why you might want to

    www.aol.com/finance/consolidate-student-loans...

    On the other hand, if you have federal student loans and a poor credit score, or you need to bring your loans current or want to hang onto your federal student loan benefits, consolidating your ...

  7. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    In 2021, student loan servicers began dropping out of the federal student loan business, including FedLoan Servicing on July 8, Granite State Management and Resources on July 20, and Navient on September 28. [40] According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing does not cover all ...

  8. Common types of installment loans and their best uses - AOL

    www.aol.com/finance/common-types-installment...

    Federal student loans are the go-to option for financing your secondary education after grants and scholarships. Private student loans should be used only if there are college costs your federal ...

  9. Federal Family Education Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Family_Education...

    For PLUS loans made before July 1, a variable rate applies (with a 9.00% cap). The House passed a resolution in May 2013 to tie student loan rates to free market loan rates. Every year, student loan interest rates will adjust to fit the market. subsidized and unsubsidized rates will cap at 8.5%. [4]

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