Great Lakes

Private Loan Processing

Private Loans: Streamlined and Simplified

Private loans play an important role in helping your students to enroll and complete school. But processing those loans shouldn't take valuable time you need to complete other tasks vital to supporting students.

Solutions Tailored to Your Workflows

Survey your basic options, keeping in mind that each of our private loan solutions is customizable. Select one or all components of FASTChoice—loan selection, counseling (for current and/or former students), and legal disclosure. Eliminate manual data collection and manipulation with CommonLine-compliant ScholarNet® for Private Loans. Automate and control disbursements through electronic transfer using CDS.

Private loan resource workflow

Get Started!

Set-up is fast and simple, and you'll have our experienced Client Services team to guide you. Free webinars help you see how to make the most of our private loan solutions, and your Great lakes representative meets with you regularly to ensure things are working optimally.

Learn more, or contact your rep to discuss your specific needs and get started.

Loan origination resources

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Useful resources support you as you help your students make educated decisions about their student loans from origination through repayment.

Private Loan Solutions

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Fastchoice

Provides support and guidance during the private loan counseling and lender selection process

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Scholarnet for Private Loans

Automates the online exchange and management of private student loan data

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Central Disbursement Service

Simplifies your day-to-day processes to efficiently manage private loan disbursements

Success Story

University of Pittsburgh Streamlines Private Loan Processing, Improves Student Service

In May 2015, the University of Pittsburgh decided to automate the processing of private loans. See how, six months later, they had realized a nearly 60 percent time savings to process a private loan.

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