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Nelnet to Acquire Great Lakes Educational Loan Services

October 19, 2017

We are excited to announce that Nelnet and Great Lakes Higher Education Corporation have entered into an agreement, through which Nelnet will acquire their student loan servicing organization, Great Lakes Educational Loan Services, Inc. (referred to as Great Lakes throughout this blog post). This transaction is scheduled to close January 1, 2018.

This acquisition will bring together 90 years of loan servicing experience and the skills of two highly successful organizations to provide unmatched technology and services. Nelnet and Great Lakes share similar cultures, with passions for serving students with integrity, high standards, and excellent customer service. We look forward to collaborating and leveraging one another’s industry experience to continue to improve the services we provide to you and your students.

The future is very bright for Nelnet, Great Lakes, and all of our teams. Together, we will have the opportunity to transform student loan servicing for millions of student loan borrowers, providing unmatched borrower experiences and the best technology.

Great Lakes’ Higher Education Guaranty Corporation will remain a separate entity, unrelated to this merger.

Please continue to work with the same Great Lakes or Nelnet contacts and tools, and obtain your reporting in the same manner you have in the past.

We look forward to continuing to serve you during this exciting period of development. We are confident that our collaboration will help us continue to provide the best possible experience for all of the schools and borrowers we serve. If you have any questions, please do not hesitate to contact Nelnet’s School Service Center at 866.463.5638 or Great Lakes Client Services at 888.686.6919.

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