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208:. 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. On February 7, 2018, Nelnet announced that it had completed the acquisition of
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192:, 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,
212:. 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.
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The company sometimes gives education-related grants, with a focus on increasing access to higher education.
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35:. It was one of the four largest companies which service United States federal student loans:
403:"Nebraska company buys Madison-based Great Lakes Educational Loan Services for $ 150 million"
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245:"Nelnet teams up with Great Lakes to bid on new federal loan servicing contract"
280:"Great Lakes Awards $ 225,000 to Wisconsin Educators Supporting College Access"
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282:. National Association of Student Financial Aid Administrators. Archived from
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345:"Nelnet Completes Acquisition of Great Lakes Educational Loan Services, Inc"
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reached an agreement to sell off 100% of the stock of its subsidiary, the
426:"One company will now handle close to half of all student-loan payments"
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Hoover's, Inc - Great Lakes Higher
Education Company Description -
51:. In 2018, the loan servicing part of the organization was sold to
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In order to replace their loan servicing contract with the
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http://www.entrepreneur.com/PRNewswire/release/192657.html
380:"Nelnet to Acquire Great Lakes Educational Loan Services"
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https://home.mygreatlakes.org/web/about/gl/WorkWith
278:Great Lakes Higher Education Guaranty Corporation.
165:The former loan servicing arm of Great Lakes, the
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49:Pennsylvania Higher Education Assistance Agency
512:United States federal student loan servicers
169:guaranteed over $ 51 billion in loans under
298:
268:(Press release retrieved September 7, 2009)
210:Great Lakes Educational Loan Services, Inc.
202:Great Lakes Educational Loan Services, Inc.
167:Great Lakes Educational Loan Services, Inc.
67:Great Lakes Educational Loan Services, Inc.
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307:"Working with Students to Pay for College"
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480:Great Lakes Higher Education Corporation
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198:Great Lakes Higher Education Corporation
17:Great Lakes Higher Education Corporation
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517:Education finance in the United States
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507:Companies based in Madison, Wisconsin
190:United States Department of Education
305:Balousek, Marv (December 6, 2007).
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23:providers and guarantors in the
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243:Olberding, Matt (1 Jul 2016).
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230:(retrieved September 7, 2009)
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368:(retrieved March 18, 2014)
489:Contract ED-FSA-09-D-0012
405:. Wisconsin State Journal
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123:$ 230 million (2017)
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311:Wisconsin State Journal
19:was one of the largest
378:Nelnet (19 Oct 2017).
313:. Madison, Wisconsin.
247:. Lincoln Journal Star
181:lenders and 10,000,000
173:, and works with 6,000
482:recipient profile on
343:Nelnet (7 Feb 2018).
31:, the corporation is
325:on August 29, 2018.
196:. In October 2017,
129:Number of employees
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27:. Headquartered in
491:on USAspending.gov
97:Madison, Wisconsin
86:Financial services
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29:Madison, Wisconsin
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430:. Retrieved
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407:. Retrieved
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384:. Retrieved
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349:. Retrieved
323:the original
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288:. Retrieved
284:the original
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249:. Retrieved
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155:mygreatlakes
92:Headquarters
72:Company type
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36:
21:student loan
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185:borrowers.
37:Great Lakes
501:Categories
216:References
76:Subsidiary
47:, and the
33:non-profit
319:0749-405X
110:Products
82:Industry
150:Website
120:Revenue
45:Navient
432:28 Aug
409:28 Aug
386:28 Aug
351:28 Aug
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251:28 Aug
206:Nelnet
194:Nelnet
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144:Nelnet
139:Parent
53:Nelnet
41:Nelnet
290:7 Sep
171:FFELP
133:1,800
434:2018
411:2018
388:2018
353:2018
315:ISSN
292:2009
253:2018
157:.org
204:to
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.