Madison, Wisconsin has been the location of the headquarters of the non-profit company known as MyGreatLakes Higher Education Corporation & Affiliates since 1967. This organization has been offering its services from this location.
When it comes to student loans, Great Lakes is among the most prominent institutions in the country. Because of a lack of financial resources, a student often gives up on his future.
These students are assisted by MyGreatLakes, which does so by providing them with financial assistance and making certain that they repay their debts in a timely way.
Millions of students have been drawn to this platform since it ensures that their financial resources do not prevent them from following their future goals.
MyGreatLakes Frequently Asked Questions
- Question – Can you explain the primary distinctions between federal student loans that are unsubsidized and those that are subsidized?
Answer – If you are enrolled in classes at least half-time, the primary distinction between subsidized and non-subsidized loans in terms of who is responsible for paying the interest on the loan is who is responsible for paying the interest.
A subsidized loan program is one in which the federal government will pay for the interest on the loan as long as the borrower continues to attend school at least part-time and delays the repayment of the loan. It is the responsibility of the borrower to repay the interest on loans that are not subsidized.
- Question – During the time that I am a student, am I expected to make interest payments?
Answer – No. Under the condition that you maintain a minimum enrollment of half-time enrollment, you will not be required to pay interest. In the event that you applied for loans, you received a discount. As long as you are enrolled in school or participating in a deferral program, the government will pay the interest on your loan.
- Question – Are you able to explain to me how to pay someone?
Answer – Phone payments, mail-in checks or money orders, and two forms of electronic payments—one-time (Pay Online) and recurring (Auto Pay)—are all accessible to Great Lakes consumers at no additional cost. These payment options are among the many easy payment options that are available to customers. If you haven’t already done so, visit mygreatlakes.org to make a donation or to learn more about the many payment methods that are available. The next step is to choose the one that best satisfies your needs.
- Question – What are the steps I need to take in order to see or modify the amount of my monthly payment?
Answer – Entering your login information into mygreatlakes.org and choosing Account Summary from the My Accounts menu will allow you to see the amount of your monthly gift. In the event that a payment is required, it shows the amount that must be paid immediately.
Go to mygreatlakes.org and choose the My Repayment Plans option to make adjustments to the amount that you pay on a monthly basis.
Select the Repayment Plans option next. In this section, we cover all of the different repayment choices that are available to you and provide you with an estimated monthly payment for each of them.
In the event that you have selected the strategy that is most suitable for your needs, we will demonstrate how to make modifications to your plan.
- Question – If I want to change the date when the payment is due, what choices do I have?
Answer – Through the website mygreatlakes.org, you have the ability to choose a new due date for any qualified Great Lakes loan, provided that your account is not already past due. We ask that you get in touch with us if your account is past due for more information.
- Question – How can I see my bill in a digital format?
Answer – Through the use of MyGreatLakes.org, you will have no trouble seeing your three most recent billing statements. It is necessary to choose the bill payment option in order to get your complete billing statement.
- Question – Are my prior bills available for me to view?
Answer – You are able to see your payment history on the website mygreatlakes.org. If you want to get a record of all the most recent transactions that have been associated with your Great Lakes student loans, choose Payment History from the Settings menu. A breakdown of your previous payments, including the principle and interest amounts, may also be shown here for your convenience.