Английская Википедия:Great Lakes Higher Education Corporation

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Great Lakes Higher Education Corporation was one of the largest student loan providers and guarantors in the United States.[1] Headquartered in Madison, Wisconsin, the corporation is non-profit. It was one of the four largest companies which service United States federal student loans: Great Lakes, Nelnet, Navient, and the Pennsylvania Higher Education Assistance Agency.[2] In 2018, the loan servicing part of the organization was sold to Nelnet.

The company sometimes gives education-related grants,[3][4] with a focus on increasing access to higher education.[5]

Loan servicing

Шаблон:Infobox company The former loan servicing arm of Great Lakes, the Great Lakes Educational Loan Services, Inc. guaranteed over $51 billion in loans under FFELP, and works with 6,000Шаблон:Nbspschools, 1,100Шаблон:Nbsplenders and 10,000,000Шаблон:Nbspborrowers.[6]

In order to replace their loan servicing contract with the United States Department of Education, which expired on June 16, 2019, Great Lakes decided in 2016 to make its bid for a new contract in cooperation with the competing student loan servicer, Nelnet.[2] 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.[7] 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.[8] On February 7, 2018, Nelnet announced that it had completed the acquisition of Great Lakes Educational Loan Services, Inc..[9] The loan servicing operation is now a fully owned subsidiary of Nelnet, the combined company now servicing 42% of the total federal student loan debt.[10]

References

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External links

Шаблон:Portal

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  1. ↑ Hoover's, Inc - Great Lakes Higher Education Company Description - [1](retrieved September 7, 2009)
  2. ↑ 2,0 2,1 Шаблон:Cite web
  3. ↑ http://www.entrepreneur.com/PRNewswire/release/192657.html (Press release retrieved September 7, 2009)
  4. ↑ Шаблон:Cite web
  5. ↑ Шаблон:Cite web
  6. ↑ https://home.mygreatlakes.org/web/about/gl/WorkWith (retrieved March 18, 2014)
  7. ↑ Шаблон:Cite web
  8. ↑ Шаблон:Cite web
  9. ↑ Шаблон:Cite web
  10. ↑ Шаблон:Cite web
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