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![]() ![]() Systems: (i) the system use information is available and when appropriate, is displayed before grantingĪccess (ii) any references to monitoring, recording, or auditing are in keeping with privacyĪccommodations for such systems that generally prohibit those activities and (iii) the notice given to Warning banners displayed when individuals log in to the information system. System use notification messages can be implemented in the form of Privacy and security policies are consistent with applicable laws, Executive Orders, directives, policies, If monitoring reveals possible evidence of criminal activity, suchĮvidence may be provided to law enforcement personnel. Result in the acquisition, recording, and analysis of all data being communicated, transmitted, processed, Monitoring to ensure proper performance of applicable security features or procedures. Or in transit to/from this system constitutes a violation of Title 18, United States Code, Section 1030,Īnd may subject the individual to civil and criminal penalties. Unauthorized access, use, misuse, or modification of this computer system or of the data contained herein This system may contain government information, which is restricted to authorized users ONLY. Offsite for federal student loan information. For ways to reach Nelnet, including phone and email, please visit We encourage you to register an online account with Nelnet so you can stay informed about your student loans. Have questions about managing your student loans? We look forward to continuing to serve you at Nelnet. Year, we'll start automatically re-directing you to We'll continue to work together with the shared commitment of helping you successfully manage your student loans. Nelnet, whom we've shared the same parent company with since 2018, is your new student loan servicer. ![]() Both Great Lakes and Nelnet have sentĬommunications about the transfer, explaining that all loans remain in the same status that they were in prior to the transfer.įor more information about the loan transfers to Nelnet, including FAQs, please visit We've merged our loans and our staff with Nelnet.Īll Great Lakes student loans have been transferred to Nelnet. Great Lakes is no longer servicing student loans. KeyBank does not offer, endorse, recommend or guarantee any product or service available on that entity's website.Great Lakes and Nelnet: Part of the Same Family The third party is responsible for website content and system availability. ![]() To learn more about your repayment options, contact your private lender or a Federal Student Aid representative.īy selecting any external link on key.com, you will leave the KeyBank website and jump to an unaffiliated third-party website that may offer a different privacy policy and level of security. Remember, the repayment plan for each loan option has benefits for specific financial situations, so explore your options thoroughly before choosing one. This isn’t very common, but worth looking in to. Under special circumstances, some loans are forgiven after a certain period of time or a set number of payments. As a general rule of thumb, the sooner you pay off your loan, the less you’ll pay in total interest. This means you end up paying more money than the amount you initially borrowed. Typically, most loans are repaid anywhere between 10 and 30 years.Īll student loans accrue interest. The repayment period is the length of time it will take to pay off your loan. Depending on which plan you choose, this amount could be higher, lower, or even fluctuate over time. ![]() Your monthly payment is how much you pay toward your loan each month. Regardless of which plan you choose, there are some important factors to consider. These are much more common, so let’s focus here.įederal loan repayment plans fall into one of two categories – those with monthly payments based on a percentage of your income and those based on installments with either fixed or regularly increasing payments over time. And federal loans are funded by the government. Private loans are funded by private lenders like a bank, credit union or school. There are two general types of student loans. First, it helps to know which type of loan you have. When it comes to student loans, finding the right repayment plan is no easy task.īut, understanding your options will make it easier to decide when the time comes. ![]()
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