How do I find my great lakes student loan account number?
The number will be on your 1098-E Student Loan Interest Statement, which you can access by logging in to mygreatlakes.org and selecting My Accounts » Tax Filing Statements.
Where can I find my student loan account?
StudentAid.gov is the U.S. Department of Education’s comprehensive database for all federal student aid information. At StudentAid.gov, you can find: Your student loan amounts and balances. Your loan servicer(s) and their contact information. Your interest rates. Your current loan status (in repayment, in default, etc.)
Is Great Lakes Higher Education a federal loan?
As a loan servicer, Great Lakes is neither a private nor a federal loan .
Can Great Lakes garnish my tax return?
Defaulting on your loan(s) has very serious consequences, which may include: Damage to your credit history. Withholding of future federal tax refunds or other federal payments. Garnishment (reduction) of up to 15% of your wages.
How long is a student loan account number?
Is a payment reference number the same as an account number?
In addition to the bank account number , you need a reference number that tells us which tax the payment is meant for. However, your personal tax-specific reference number is always the same .
How much do you pay a month for student loans?
The average monthly payment for recent graduates is $393 — but that could be higher or lower based on your degree.
How can I find out how much I owe in student loans?
Use your My Federal Student Aid account or the National Student Loan Data System (NSLDS) to find out how much you owe in federal loans and visit AnnualCreditReport.com or call your school’s financial aid office to find out your private loan balance.
How do you get your student loans forgiven?
Public Service Loan Forgiveness PSLF forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer. Learn more about the PSLF Program to see whether you might qualify.
Can Great Lakes student loans be forgiven?
Great Lakes and Public Service Loan Forgiveness (PSLF) Once you’ve met all the requirements, your student loans may become eligible for forgiveness . If you’re approved for PSLF, all qualifying loans will be moved to FedLoan Servicing to complete the PSLF forgiveness process.
How can I get rid of student loans without paying?
Actually, there are eight ways, and they’re all perfectly legal. Enroll in income-driven repayment. Pursue a career in public service. Apply for disability discharge. Investigate loan repayment assistance programs (LRAPs). Ask your employer. Serve your country. Play a game. File for bankruptcy.
Do student loans get forgiven after 10 years?
The Public Service Loan Forgiveness program discharges any remaining debt after 10 years of full-time employment in public service. The borrower must have made 120 payments as part of the Direct Loan program in order to obtain this benefit.
Can you stop student loans from taking my taxes?
Ask your lender for a student loan tax offset hardship refund form or call the Treasury Offset Program at 800-304-3107 to begin this process.
Will the IRS keep my refund for student loans?
Tax refund offsets are one of the government’s powerful tools to collect federal student loans . The government may take your income tax refund if you are in default. Borrowers in default can expect to have all or a portion of their tax refund taken and applied automatically to federal student loan debt .
Will I be notified if my taxes are garnished?
Typically, your notification letter will arrive months before tax time. For example, if your 2019 refunds are subject to garnishment , you likely would have heard from your loan holder in fall 2019. The Treasury Department will contact you after the offset.