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What's New?

What's New?

  • There's a holiday coming up. Will Great Lakes be open for business? If you use Central Disbursement Service to automate private loan disbursements, are you wondering if that holiday will impact your disbursement dates? A handy document on Support Central answers your questions about holidays in 2019.

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  • If you're active on LinkedIn and have been on the platform recently, you likely know it's evolved quite a bit since earlier this year. Even if you know what's changed, have you revised your profile to make the best use of the changes?

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  • Announcing myCompass

    November 27, 2018

    We're excited to announce a new solution designed to help you quickly and securely view information for borrowers and cosigners, coming soon to the Great Lakes website. Meet myCompass and get the details!

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  • Successful teams rely on great communication—that's why the ScholarNet team is here and offering many new ways for you to join the conversation.

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  • Coming soon—we're making it possible for you to work with dedicated experts who focus solely on assisting you with your private loan processing and student success efforts. Get the scoop!

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  • As a federal loan servicer, we receive a number of communications from schools stating that a student or parent borrower was not eligible for a Direct Loan disbursement, and asking that a final demand letter be sent to the borrower. Here's what you need to know about final demand letters, including the right time to request that we send one.

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  • If your school is like most schools, you're using social media to better communicate with students in a way that feels familiar to them. But as you may have noticed, engagement and reach have declined recently. This is where promoting your posts can help. Here's how you can get started.

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  • Part of our commitment to keeping you informed is calling your attention to changes in the industry. In case you missed it, the Department of Education publicly released the FY 2015 official cohort default rates (CDRs) on September 26, 2018. We have the details of the announcement you need to stay informed.

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  • What better time than Financial Aid Day to share identified gaps and best practices for helping students learn about financial topics and gain financial wellness skills? Find out what Tasha McDaniel and Michiale Schneider, accredited financial counselors and Great Lakes trainers, learned at the 2018 Annual Conference for Financial Education in spring 2018.

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  • Each year, Great Lakes asks you to review which employees at your institution have access to your Great Lakes website account, and to confirm or update their appropriate access (e.g., view, edit, or administration rights). When employees leave your institution or move into other roles, their authorization to access your Great Lakes account changes. Your help with annual review of your account access helps us ensure the security of your account and protect student information from those not authorized to see or use it.

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  • Check Out MyScholarNet.com

    October 12, 2018

    Thousands of happy customers have come to use Great Lakes' ScholarNet® and FastChoice™ private loan processing solutions for the secure and innovative technology—and stayed for the exceptional service we provide. See who we are at MyScholarNet.com, and help us build a community that helps serve us all.

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  • With National Customer Service Week coming up the first week of October, we've got some helpful tips to help you turn up the H.E.A.T on your customer service skills and celebrate in style.

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  • The U.S. Department of Education (ED) will release Fiscal Year 2015 Official 3–Year Cohort Default Rates (CDRs) to all eligible schools, guaranty agencies, and lenders later in September. Great Lakes can help you gear up for CDR season with tips, tools, and training that will help you improve your CDR and—more importantly—set your students up for success.

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  • It's that time of year again! September brings many unforeseen issues to the financial aid office. Our reminders about the enrollment verification process can help you streamline this routine part of your job, freeing you up to handle the unexpected.

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  • Part of our commitment to keeping you informed is calling your attention to changes in the industry. In case you missed it, the Department of Education recently published a Notice of Proposed Rulemaking for borrower defense to repayment. We have the details of the announcement you need to stay informed.

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  • A Refresher on Refunds

    August 7, 2018

    Whether you're new to the financial aid office or just need a refresher for the upcoming fall season, we're here with some helpful tips for efficient refund processing.

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  • With busy fall months quickly approaching, it's easy to forget to take care of yourself. We've got tips to help you survive and thrive.

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  • With any good makeover, you want to show it off. Come check us out and be sure to register to follow us as we continue developing valuable insights and resources to drive your student success efforts.

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  • Think back to when you first got started in your career—how did it feel to navigate new territory on your own? Was there a leader who provided guidance and helped you find your way? If so, it might be time for you to return the favor and take on a mentoring role of your own. Find out how you can help out the next wave of leaders—and learn something yourself along the way.

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  • Part of our commitment to keeping you informed is calling your attention to changes in the industry. In case you missed it, FSA recently released three new reports that segment federal student loan borrowers by two demographic levels, including age and location; age and debt size; and debt size and location. We have the details of the announcement you need to stay informed.

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  • Federal student loans don't enter repayment until six months after your students graduate or fall below half–time enrollment status. By focusing on just one key concept per month, you can help ease the journey from college to repayment for your former students, and increase their odds for successful repayment.

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  • With hundreds of schools using ScholarNet® for Private Loans, your go-to solution for automating the electronic exchange and management of private student loan data is going strong. Whether you're new to ScholarNet or a veteran user, find out how you can grow along with our network of expert financial aid professionals.

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  • Part of our commitment to keeping you informed is calling your attention to changes in the industry. In case you missed it, ED recently released new interest rates and origination fees for Direct Loans. We have the details of the announcements you need to stay in the loop.

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  • If you're planning a trip to Austin on June 24–27, 2018 for the National Association for Student Financial Aid Administrators (NASFAA) 2018 National Conference, find a few minutes while you're there to visit Great Lakes. Each year we count this as an important time to reach out, hear about your challenges, and offer solutions that simplify financial aid and make success a reality for your students.

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  • Those of us who work in financial aid understand the challenges of engaging students in communication with us, and getting and keeping their attention. Is it so surprising that good things come from a highly engaged workforce? Learn more about engagement, its positive impact, and how to achieve it.

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  • Chances are good you've seen or heard from your Great Lakes representative at a spring conference or for your spring private loan processing checkup. If you haven't already, you'll be hearing from him or her soon. In the meantime, don't hesitate to reach out if you have any questions or concerns about making peak private loan processing season go more smoothly.

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  • Great Lakes Bulletin will be changing after the May 15, 2018 issue—and we want to hear your thoughts on which articles and features you find most useful. We invite you to email your feedback to our new mailbox.

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  • Have you ever taken a quiz to find out what kind of potato you are, or what state your spirit connects with? You may not realize it, but when you take those quizzes—or when you download a new app to your phone—you opt in to share your data. Learn more about what you're agreeing to, and how your data is being used in different ways.

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  • Memorial Day (May 28, 2018) is a day to remember and honor the bravery and commitment of our servicemembers. Did you also know it's when Great Lakes reaches out to remind servicemembers of education–related benefits available to them?

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  • Whether you like the word "synergy" or not, there's truth to the sum of all parts being greater than the whole—at least when it comes to tackling financial literacy. Businesses and campuses working together can produce creative solutions and successful events. And, even on your campus, collaborating with other departments is key.

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  • With financial literacy front of mind for April, we've got plenty of other great 'F' words for you. First up? FASTChoice. It's free, flexible, for everyone—and fabulous at helping your current or exiting students prepare for financial fitness. Want to find out how far-fetched the alliteration may get? Fasten your seatbelt, and follow along.

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  • Research shows in-school students benefit from the type of detailed loan information student debt letters provide. Find out why your colleagues are recommending College Cost Meter as the solution to deliver this important information.

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  • It takes many people working together to help students find a way to attend college, search for ways to pay for college responsibly, and exit college with a degree, an understanding about finances and their obligations, and a plan for finding the repayment help they need. It also takes a team to process loans and payments efficiently. There's one partner you won't be able to overlook this spring.

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  • If April showers bring May flowers, what does March planning bring? April fun that engages your students for Financial Literacy Month. Start planning now, and you can have a positive impact on your students' ability to understand finances, budget, and make smart financial decisions to succeed on campus and in life.

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  • Unfortunately, fraud and identity theft can happen to anyone at any time. Here's what you can expect from Great Lakes when one of your students reports an incident.

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