SOURCE: Great Lakes Higher Education Guaranty Corporation

Great Lakes Higher Education Guaranty Corporation

April 05, 2012 08:30 ET

Great Lakes Announces Webcast Series for Student Loan Borrowers

Five New Sessions From Accredited Financial Counselors Added for National Financial Literacy Month

MADISON, WI--(Marketwire - Apr 5, 2012) - April is National Financial Literacy Month, and Great Lakes Higher Education Guaranty Corporation is launching five new educational webcasts on mygreatlakes.org to help its borrowers make more informed decisions at every stage of the student loan lifecycle.

Great Lakes' webcasts are presented by accredited financial counselors and available on demand for viewing anytime, anywhere. In addition, live online sessions are offered, allowing borrowers to pre-register and have their specific questions answered.

Topics address the most pressing challenges borrowers face with their student loans:

  • Ten Tips to Graduating with Less Debt
  • Your Credit and How Student Loans Impact It
  • Selecting the Repayment Plan that Works for You
  • Is Income-Based Repayment Right For You?
  • When You Can't Pay: Explore Deferment and Forbearance

Besides making the webcasts directly available to its millions of borrowers, Great Lakes is offering materials to help financial aid professionals promote the webcasts as part of their own efforts to increase financial capability among current and former students.

Student loan debt recently surpassed the $1 trillion mark, exceeding for the first time credit card and auto loan debt. Reaching this milestone in the midst of an economic crisis highlights the need for more borrower-focused resources, according to Amy Kerwin, Great Lakes' Chief Educational Opportunities Officer. "Our expanded webcast series is part of a longstanding commitment to work with financial aid professionals to lend critical support to the borrowers we both serve. During National Financial Literacy Month and beyond, Great Lakes aims to be a go-to resource to help borrowers understand their options and achieve success in student loan repayment."

Great Lakes' borrower webcasts, along with a host of other borrower resources, are found in the new Knowledge Center on mygreatlakes.org. Materials for financial aid professionals to use in their own promotional efforts are available in the Training section of the Financial Aid Professionals portal on mygreatlakes.org.

About Great Lakes
Great Lakes Higher Education Corporation and Affiliates works with schools, lenders, and community organizations to change lives for the better through higher education. Great Lakes supports these partners with philanthropic, educational, and operational resources that help students and families pay for college and build brighter futures. As a leading guarantor and servicer of student loans for over forty years, Great Lakes serves
the U.S. Department of Education and over 6,000 schools and 1,100 lenders across the nation. One of the nation's largest integrated providers of student loan services, Great Lakes services more than $90 billion in student loans for over 8 million borrower accounts and holds guarantees on approximately $41 billion in FFELP loans. Great Lakes member corporations serve as the designated guarantor for Minnesota, Ohio, Puerto Rico, South Dakota, U.S. Virgin Islands and Wisconsin under the Higher Education Act. Great Lakes is headquartered in Madison, Wisconsin, with operating centers in St. Paul, Minnesota; Aberdeen, South Dakota; and Boscobel and Eau Claire, Wisconsin. For additional information, visit mygreatlakes.org.