in 2001 i obtain a federal student loan for my son, i was always on time with the payments; in an unsolicited e-mail "I did not respond to" great lakes co. paid off the loan and is now asking me to pay them instead, 1. I did not sign any thing requesting a pay off 2. my ex husband was ordered in divorce judgement to make the payments way before the e-mailed me. What are my obligations to pay?
It’s probably a spam e-mail. I would E-mail the people you took the loan through to confirm, and let them know whats going on.
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GREEN BAY — Officials at the Great Lakes Higher Education Guaranty Corporation like what they see in the Phuture Phoenix program at the University of Wisconsin-Green Bay. In fact, they want to see more of it.
Great Lakes Higher Education Guaranty Corporation chose the Phuture Phoenix program to receive a portion of the 2009-10 Wisconsin College Access Challenge Grant to replicate the pre-college awareness program at another state college or university. The effort was announced at a press conference on campus today, Tuesday, March 24.
This model program takes a year-round, year-in-and-year-out approach that provides students with the support they need to help them stay on track toward high school graduation and enrollment in college, UW-Green Bay Interim Chancellor David Ward said of the Phuture Phoenix program.
A $125,000 grant will be shared between UW-Green Bay and another Wisconsin college or university to duplicate the success of Phuture Phoenix, including the promotion of academic achievement and the programs mission to help every child pursue higher education.
Phuture Phoenix began in 2003 and has since served more than 6,100 schoolchildren from low-income elementary schools in Green Bay, West De Pere, Oneida Nation and several outlying districts. The programs signature event is an annual tour of the UW-Green Bay campus for about 1,300 fifth-graders from elementary schools with significant poverty rates. As the children visit UW-Green Bay and experience college, they are encouraged to be excited about education, eventual high school graduation, and the possibilities for college, university or technical college careers. For many students, visiting a college campus is the first step toward feeling motivated to attend college.
Hundreds of UW-Green Bay students volunteer each year to serve as hosts and role models for the fifth-graders during these Phuture Phoenix Day activities. They also conduct follow-up visits to elementary schools. UW-Green Bay students provide continued contact and additional mentorship during the middle and high school years, tutoring more than 900 students annually throughout Brown County. Tutoring in schools is aimed at raising student attendance, improving academic success and increasing high school graduation rates for at-risk students.
This exciting opportunity to replicate our pre-college program on another Wisconsin campus strengthens our ability to reach more students and send the message that a college degree is possible, said Phuture Phoenix Director Kim Desotell. We know that a college degree improves overall success and doubles average income. This grant ists to leverage our Phuture Phoenix mission throughout Wisconsin and make college admission a reality for low income students that may never have been encouraged to think about higher education.
Officials at Great Lakes saw a need for more programs that inspire the states youth to purse a college degree.
We are excited about this partnership and are confident that replication of the Phuture Phoenix program will be of great benefit to the students of Wisconsin, said Maria Bundy, director of College Access Advising for Great Lakes Higher Education Guaranty Corporation.
Phuture Phoenix was invited to compete for the grant with top pre-college programs throughout the state. The initiatives goal is to add to statewide efforts to help every child achieve a higher education in Wisconsin.
For more information visit: www.uwgb.edu/phuturephoenix/.
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My girlfriend just graduated and is stressing out about her loans. I don't know much about the details of her loan situation, and she isn't 100% positive about it either. She has a number of loans (let's say 7) out:
2 Federal Stafford loans
2 Great Lakes Loans
3 Michigan Mi-Loans
Now, looking at Sallie Mae's loan consolidation application I don't see an option for "Great Lakes" or "Mi-Loan", only Stafford loans. So does that mean that a company such as Sally Mae can't/won't consolidate these "mi-loan" and "great lakes" loans?
If not, how should she go about consolidating her loans?
Also, on the "Great Lakes" website along with the two loans she has, there are two other loans for 2750 each that say, "Not yet disbursed". Disbursed = payed out or distributed, so I assume that this means she perhaps applied for the loan, but never actually took the loan?
Thanks for any help, sorry for being totally ignorent. I was spoiled (and then got a great paying coop!).
Sallie Mae will not consolidate loans if they are federal (student) and private together. What will end up happening is they will do two consolidations. (one for private and one for federal stafford) Who better to answer that but Sallie Mae…have her contact them and they can tell her in a matter of minutes what they can or cannot do. 1-888-2SALLIE (888-272-5543)
As far as for the rest of the question…here goes.
First off, she needs to go to a website to access all of her federal loan information.
www.nslds.ed.gov
This website is the U.S. Department of Education's database of students federal student loans. When she logs in…she will be asked for a pin number. If she doesn't know it, go to the FAQ section and follow the instructions on how to obtain one. DO NOT GIVE IT OUT TO ANYONE!! NOT EVEN TO FINANCIAL AID!!
Secondly, if Sallie Mae is her lender and she wants to stay with themthrough consolidation…she needs to get the facts. 1-800-448-3533 / www.smartloan.com
This will give her the information she needs on consolidation. She needs to make sure that one of the questions she asks is:
I want to consolidate my loans so I only have to make one payment a month but I do not want to lose any of my grace period. When is the best time for me to start the process of consolidation?
If Sallie Mae says no to consolidating the other loans…ask them if they can "combine them." Unless she would rather make 3-4 payments a month depending on how much they consolidate.
Keep in mind also that if she has a bank account and has an automatic withdrawal…she may be able to reduce her interest rate. I would have her ask Sallie Mae for details.
Not yet Disbursed. You are correct, the monies have not been sent to the school on her behalf yet. She needs to contact the school to find out if it has now been done or if they do not need it. Sometimes, the data on the databases does not get updated right away. The best way to find out is to ask her financial aid office. There may even be a final balance that the school is awaiting the funds to cover it. This is called a late disbursement. Best person to answer that is financial aid.
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I have my student loans with Greak Lakes. I can't seem to find whether or not my payments will ever increase. Can anyone give me any info without saying "call them". Thanks
how would anyone on his site unless they work at great lakes and has access to your account could answer this question — so do just that — contact them!!!!
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Killed by books analizes the study load books and learning can have on a student.. learn more here http://student.best-loans-info.com
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My son is a college freshman. He has a FDSL loan of $3500 and a student loan from a bank/Great Lakes Educ for over $2500. Will his loan interest accumulation fluctuate with the changing interest rates? Are the drops in the interest rates which we are hearing about on the news of any benefit to college students?
NO, these lowers rates are for banks, loan institutes, and business, not those that really need the help. Sorry!