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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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Current student loan interest rates LOAN TYPEBORROWERFIXED INTEREST RATEDirect Subsidized Loans and Direct Unsubsidized LoansUndergraduate students5.50%Direct Unsubsidized LoansGraduate or professional students7.05%Direct PLUS LoansParents and graduate or professional students8.05%
Did you know that Great Lakes and Nelnet have been part of the same company since 2018? We share a commitment to exceptional customer service with a goal of helping every borrower successfully manage their student loans.
Great Lakes is no longer servicing student loans. Weve merged our loans and our staff with Nelnet. All Great Lakes student loans have been transferred to Nelnet.
Always update any personal information by logging into your account or by speaking to an NSLSC agent at 1-888-815-4514. Do not share your login information with anyone.
Weve merged our loans and our staff with Nelnet. All Great Lakes student loans have been transferred to Nelnet.
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People also ask

And yes, that plan is dead. In a 6-3 decision, the Supreme Court ruled in June 2023 that the Biden administration did not have the authority under a 20 year-old federal law to forgive hundreds of billions of dollars of student debt.
Great Lakes and Nelnet were previously separate loan companies. But later they collaborated with each other and both of them merged. Now all the loans taken by both of them were arranged serial wise and divided into two parts. This is the reason why many Great Lakes loans were transferred to Nelnet.
Great Lakes Educational Loan Services was a Wisconsin-based loan servicer for both federal and private student loans. In 2018, the company was acquired by Nelnet, which, as of July 2023, services all outstanding Great Lakes student loans.

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