December 9, 2021

How Do You Pay For Your Great Lakes Student Loans?

Chipper Help

If you are currently making student loan payments, chances are you are doing so through a loan servicer. It is also likely that your loan servicer is Great Lakes Student Loans.

Great Lakes Student Loans is one of the most prominent student loan servicers in the United States. Handling or managing up to 18% of all total student loans, Great Lakes is who to talk to when you are paying private or federal student loans.

Great Lakes will not require you to pay the initial months or installments of your private or federal student loan. However, you need to pay back the loan in the agreed-upon installment amount during the repayment period.

How do you pay for your Great Lakes Student Loan? Read on to learn more.

How To Pay Student Loans to Great Lakes

Any student loan payment made towards Great Lakes can be done through the following:

Debit

At the time of writing, Great Lakes has yet to offer credit cards as viable payment options. Nonetheless, borrowers can still pay student loans using debit. Great Lakes accepts payments either using a physical debit card or via direct debit.

Borrowers can pay by debit using the Great Lakes app available on both the App Store and Play Store.

Autopay

Borrowers with bank accounts can enroll Great Lakes as a biller. By doing this, an account holder allows Great Lakes to take payments automatically every month from the bank account.

Autopay payments to Great Lakes do not just benefit borrowers with convenience. Great Lakes offers a 0.25% discount on your interest rate. Hence, if you are looking to save a bit of money, enrolling Great Lakes might be a good idea.

By Phone

Borrowers can also pay by phone. If you plan on doing this, have your Great Lakes account details as well as your debit card on hand. A representative will be asking for your debit card number and other personal data to authenticate the payment.

How To Set Up a Great Lakes Online Account for a Student Loan Payment

Paying Great Lakes online will confer the same benefits as autopay. There are two main steps to setting up an online account with Great Lakes:

Step 1: Sign Up

Visit the Great Lakes site, and click on the tab that says “Sign Up.” You will be redirected to a page where you can create your account.

At this stage, you need your social security number and other pieces of identification. These pieces of information are necessary for creating your account.

Step 2: Choose Your Loan Account

You can choose between automatic payment plans or one-time payment plans. Some loan accounts will also enable you to select certain repayment options. Automatic payments are recurrent, deducting a set amount from your bank account via debit monthly.

Set-Up and Pay-Up

Setting up a Great Lakes account to pay your student loan is straightforward. By signing up for an online account, you can make payments conveniently and affordably, especially if you opt for autopay. An online account with Great Lakes will also open you to various repayment options should you desire to lower your installment amounts.

Set up your online account and begin paying your student loan to Great Lakes with ease.

Use Chipper for Lower Payments

Chipper can help you find a student loan repayment plan that actually fits into your budget. You simply fill out your information and link your student loan account for us to generate your options in seconds. We help the average student loan borrower save over $300 a month off their student loan monthly payment. Lowering your monthly payment plan can game changing for your personal finance and can be done in minutes! Sign up for Chipper today to get on track with your student loans.

Use Chipper for The Best Path to Forgiveness

Finding your path to student loan forgiveness is easier than ever before. Chipper helps members find better Income-Driven Repayment (IDR) plans every day. Once enrolled in an eligible repayment plan, we can help you explore your forgiveness options and understand your path towards forgiveness. Sign up with Chipper today and get on track with your student loans.

Use Chipper for Round-Ups

Paying off your student loans doesn’t have to be a long and painful journey. Round-Ups are a way to directly pay off your loans with your everyday spending! By tracking your linked spending account(s), we will calculate the rounded up amount from each transaction in a week (IE spending $4.28 would add $0.72 to the weekly amount). We then initiate a payment towards your student loan for the weekly amount. Get chipping away on your student loans with Chipper today.

Use Chipper for Public Service Loan Forgiveness (PSLF)

The Public Service Loan Forgiveness (PSLF) program was created to provide relief to borrowers aiding the public sector. Unfortunately, 30% of applicants are denied due to incorrect paperwork. We can help! Chipper was created to solve this issue by assisting borrowers in understanding their options as well as allowing forgiveness eligible users enroll into the best forgiveness program available. Sign up for Chipper today to see your student loan forgiveness options and get the forgiveness you deserve.

Use Chipper for Teacher Loan Forgiveness (TLF)

The Teacher Loan Forgiveness (TLF) program was created to enable teachers working in Title 1 schools to receive student loan forgiveness of up to $17,500 (depending on their teaching subject). Chipper has helped teachers from all over the country qualify for TLF program and can help you get the forgiveness you deserve today. Find out if you qualify for forgiveness in minutes with our employer search tool.

See How Much You Can Save with Round-Ups

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