woman at Graduation with her parents

Fact Sheet

Who We Are and What We Do

We're Great Lakes, a group of companies dedicated to doing what's right to help students access and complete higher education.

Our focus on working with students to help them succeed drives everything we do, in all aspects of our organization. Since 1967, our mission hasn't changed, but the way we deliver on it has.

Today, the U.S. Department of Education, lenders, colleges and universities, and community agencies value our experience in educational financing and choose to partner with us for our reliability, efficiency, innovation, and commitment to doing the right thing.

In doing right by students and for our partners, we enjoy great success. What makes us unique: proceeds from our operations as a privately-held company go to advancing our longstanding philanthropic mission of getting more students into and through college.

Our Philanthropy

We believe that everyone can benefit from higher education. Yet, we also know it's the students who are least likely to continue their education who have the most to gain.

Our philanthropy is targeted at getting more students into and through college—and specifically more students of color, students from low-income households, and those who are the first in their families to attend. All our grants focus on college preparation and success, because students who are well-equipped to face the academic, financial, and personal challenges of colleges are the most likely to graduate.

To learn more about our philanthropy, visit our Community Investments portal.

Our Partnerships to Help Students Succeed

Students and their families borrow money for college because it is an important investment in their future. While we don't make student loans, we work with all those involved in college funding—with the ultimate goal of helping students borrow responsibly, complete their education, and find repayment solutions that work for them. This is how we help protect their investment.

We provide reliable, effective tools and resources that simplify student loans and save time for students, financial aid professionals at colleges and universities across the country, the U.S. Department of Education, lenders, and others working with college funding.

Learn more about how Great Lakes partners with each of these groups.

News Releases

Great Lakes Donates $115,000 to 10 Adopted Schools in Local Communities
12/22/2017


Great Lakes' ScholarNet for Private Loans More Widely Used Than Ever Before
11/13/2017


Great Lakes Funding Development of Online Support Community for College Freshman Women
10/30/2017


Great Lakes Shares Lessons Learned from Summer Melt Texting Initiative
10/25/2017


Great Lakes Awards $525,000 in Anniversary Grants in Nine Communities Where Employees Live and Work
09/01/2017


Completion Grants Remove an Obstacle for At-Risk Students Nearing Graduation
08/16/2017


New Initiative Connects Remediation Reforms and Guided Pathways to Boost Student Success
08/15/2017


Great Lakes Awards $1,000 Scholarships to 200 Ohio Apprentices with Financial Need
06/29/2017


Great Lakes Awards $7.2 Million to Launch Emergency Grant Programs at Four-Year Colleges
06/15/2017


Great Lakes Sparking Change in Scholarship Delivery
06/12/2017


Montana Guaranteed Student Loan Program to Transfer Portfolio to Great Lakes
06/05/2017


Statement from Great Lakes Higher Education Corporation & Affiliates Regarding Student Loan Collection Fee Policies
03/21/2017


200 Wisconsin Apprentices with Financial Need Awarded $1,000 Scholarships from Great Lakes
03/16/2017


Great Lakes Releases 2016 Philanthropy Report Highlighting $21.9 Million in Grants Awarded
03/09/2017


Great Lakes Invites Four-Year Colleges to Apply for Successful Emergency Grant Program
01/26/2017


USA Funds Transfers Ownership of Nation's Largest Guarantor to Great Lakes
12/07/2016


Great Lakes Commits $2.1 Million to Help 16 Community Colleges Create Internship Programs for Low-Income Students
12/01/2016


Great Lakes Commits $2.6 Million to Keep At-Risk Near-Completers on Track to Graduation
11/15/2016


Blackhawk Technical College Students Borrow $700,000 Less, Regain Financial Aid Eligibility
10/21/2016


Achieving the Dream to Enhance Coaching Services with $1 Million Great Lakes Grant
09/15/2016


Great Lakes National Scholarship Awards Over $2 Million to Support College Access
08/24/2016


Great Lakes Awards $1.5 Million to CCRC to Support Guided Pathways Reform in Ohio
08/18/2016


Successful 'New Mathways Project' Expands into Arkansas to Increase Math Achievement
07/14/2016


Great Lakes Career Ready Internship Grant Opportunity Now Open to
Two-Year Colleges

05/19/2016


Study on Student-Faculty Interactions Finds Multi-Channel Communication is Key
05/11/2016


Great Lakes Shares Lessons Learned from 2014-2015 Career Ready Internship Grant Partners
04/21/2016


New Great Lakes Grant Opportunity Invites Applicants to Address Barriers Preventing Near-Completers from Earning Degrees
04/05/2016


Student Loans of North Dakota to Transfer Portfolio to Great Lakes
04/01/2016


Great Lakes Releases 2015 Philanthropy Report Detailing $28.5 Million in Commitments
03/31/2016


200 Wisconsin Construction and Industrial Trade Apprentices Receive $1,000 Scholarships
03/09/2016


Great Lakes Shares Best Practices from Three-Year Emergency Grant Program
02/25/2016


Application Period for Great Lakes National Scholarship Begins February 15
02/15/2016


Great Lakes Funds New Emergency Grants Shown to Boost Community and Technical College Completion
12/10/2015


University of Pittsburgh Streamlines Private Student Loan Processing, Improves Student Service
11/19/2015


Great Lakes' Free Tool Adds Early Engagement Outreach Campaigns for Schools
10/27/2015


Great Lakes' Commitment to Producing More Undergraduate STEM Degrees Now Reaches $10.7 Million
10/22/2015


Great Lakes Launches Updated Education Philanthropy Website
10/15/2015


Great Lakes Commits Record $12 Million to Fund 7,000 New Paid Internships for College Students with Financial Need
10/08/2015


Great Lakes CEO Accepts White House Invitation to Join the College Promise Campaign Advisory Board
10/01/2015


200 Wisconsin Apprentices Will Earn $1,000 Scholarships to Purchase Tools for Their Trades
09/17/2015


400 MPS Grads Eligible for $5 Million in College Scholarships from The Degree Project®
08/13/2015


Great Lakes Introduces Newly Expanded Program to Increase Community College Graduation
07/09/2015


Great Lakes Shares Results of Applicant and Grantee Perception Survey
05/19/2015


100 Schools Using Great Lakes' Free Outreach Tool to Help Students by Connecting Them with Their Servicer
05/18/2015


Great Lakes Commits $28.6 Million During 2014 to Promote College Access and Completion
05/14/2015


Great Lakes Expands Grants for Colleges Committed to Making Internships More Equitable
04/30/2015


Great Lakes Commits $4.2 Million to Prepare More Students for College Math & English
04/23/2015


Great Lakes' Free Tool Helps Schools Improve Repayment Success for All Their Student Loan Borrowers
02/20/2015