Currently Browsing:Great Lakes Educational Loan Services Inc.

‘Big four’ student loan servicers now ‘big three’

It remains to be seen whether the big three loan servicers will continue to compete for borrowers next year. Three companies are now responsible for collecting payments on more than 90 percent of outstanding federal student loan debt, after antitrust regulators raised no objections to Nelnet’s acquisition of a larger rival, Great Lakes Educational Loan

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