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Attention Great Lakes will no longer be servicing federal student loans as of June 2023. Nelnet, whom we've shared the same parent company with since 2018, will be your new student loan servicer. Like two sides of the same coin, we'll continue to work together with the shared commitment of helping you successfully manage your student loans. For more information about the transfer to Nelnet, visit Nelnet.com/transfer.

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The Path to Federal Student Loan Repayment

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As you leave school, understanding how your student loans will impact your finances can help you successfully manage your loans. Great Lakes is a federal student loan servicer. If we're your servicer, we'll be your advisor as you repay your loans.

This timeline teaches you about what happens during your grace period and the steps to take along the path to repayment.

Accruing Interest

Depending on the type of loan you have, interest can build up (accrue) while you prepare for repayment. If you're wondering how this will affect your loan, learn about interest and capitalization.

Scroll to see the whole timeline or jump to a specific period in the timeline:

6 months

Start the repayment path

Grace Period Begins — No Longer In School

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4 months

Estimate your payment

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2 months

Select a repayment option

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0 days

Review your payment schedule

Grace Period Ends

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9 days

Billing Statement

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30 Days

First Payment Due

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