Great Lakes Loan

|| Great Lakes Loan ||   ||Great Lakes Loan|| ||Great Lakes Loan||

Great Lakes Loan has helped many students in the country in the past and it remains one of the top notch organizations that facilitate student loans. In an ideal world, every student would have a right to education they would like to pursue without the hindrance of their financial status. But reality is very different and student loans make it possible for you to dream and aspire for a future that you have envisioned for yourself. However getting the best possible student loan for your educational needs isn’t always easy either and that’s where Great Lakes comes in.

Great Lakes Higher Education Corporation has always been focussed on helping students change their lives for the better and work towards a glorious future. That’s why the non profit organization has worked with students, lenders, schools and various organizations within the community for around four decades now. Their aim remains to provide better options for students who have dreams in their eyes when they think of college education. If you are looking at your college education as a launch pad into a solid career, you will greatly benefit from these loans, which have helped millions of students in the past.

For starters, Great Lakes Higher Education Corporation and Affiliates are one of country’s top names when it comes to student loan servicers and guarantors. They have built a reputation for themselves by offering impeccable service to the student community, which is why it’s become a trusted name amongst students in different parts of the country. Through its strong network of around 1200 staff members, who are equally dedicated to the cause of creating a path to success for students, this corporation does its best to offer more options to fund their education.

The company has its headquarters in Madison, Wisconsin but has a wide reaching impact on lives of students in various parts of the country due to its strong connections with schools and lenders. Great Lakes has always done its best to boost the financial aid programs for students and has today become the designated guarantor in different states including Ohio, South Dakota, Minnesota and Wisconsin. That itself instils faith in most students who are looking for a reputable organization to align with.

Great Lakes Higher Education Guaranty Corporation and Great Lakes loan Education Loan Services are the two subsidiaries of the organization that are dedicated to the cause. So far the corporation has helped millions of students all over the country and given their future careers a shot in the arm. Not only does the corporation work with millions of student borrowers all over the country but it also works closely with around 6000 schools, US Department of Education too. It also has a strong network of more than a 1000 lenders that many young students seeking loans can benefit from.

The organization has serviced student loans for billions of dollars so far and holds guarantees for many billion dollars too. With its steadfast approach to making things easier for student funding, this federal loan servicer has made a difference to many lives in the past and continues to do so even today.

Great Lakes Loan: How can you benefit from it?

The corporation endeavours to offer financial and educational support to students all the way through their studies. You also get brilliant operational support, which makes it easier for you to focus on your education and get financial support you need without any hassles. Importantly it also facilities easy repayment of student loan, which is what many of us are concerned about right at the onset. To make things simpler for students, Great Lakes offers various tools and different resources, which are crucial to manage their loans without any difficulties.

And since the corporation also works with educational institutions and lenders, it becomes easier to chalk out a financial aid program for every campus that students like you can benefit from. Thus working with Great Lakes means all your bases are covered and you get all the flexibility you need to put your mind at rest.

Great Lakes Loan is your ally on your road to future success.

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History of money by: Tomas Ilnatis

myITbird

We all use money every day. It is essential because if we want to buy some food, clothes, etc. we have to pay money for these goods. Money is recognized as banknotes and coins. However, many years ago people couldn’t go to the shop and buy what they wanted. They had to exchange some merchandise or services to other goods or services and this process is called barter trade. It was a really difficult procedure the barter often depends on a coincidence of wants. Giving an illustration, the seller of grain has to find a buyer who wants to buy grain and who also could offer something the seller wants to buy. And one more example, if a wheat farmer needs what a fruit farmer produces, a direct swap is impossible because seasonal fruit would spoil before the grain harvest. The solution is to trade fruit for wheat indirectly through a third, intermediate, commodity. Intermediate commodity or in other words commodity money has to be imperishable, attractive in demand, etc. For example, it can be cattle, salt, shells, wine and so on. These commodity money had disencumbered (palengvino) barter trade from difficulties. However, commodity money had their disadvantages, for example cattle, fur, precious stones couldn’t be cut into smaller pieces and it was uncomfortable to keep and transport .

Because of the minuses of commodity money, people had to invent simpler way to continue the trade. And they invented specie or monetary money. It was very similar to commodity money. At first, specie was a shape of metal bars, wire, rings or powder(milteliai). This money was uncomfortable because it was necessary to weigh and to hallmark it(nustatyti praba). Soon, weight and hallmark of specie were embossed on the money. And the coin was invented then the ingot (metalo lydinys) was shaped up. The earliest known coins in the western world came from Lydia in about 650 B.C. They were made of electrum, a natural alloy of gold and silver found locally. Greek cities, The Great Persian Empire and Roman Empire quickly adopted the new useful technique of metal currency. And by the end of the 6th century, coinage were common throughout the region. However, coins as well as commodity money had many disadvantages. For instance, coins quickly show wear and they usually have small value, so it’s difficult to count lavish sums of coins. Because of these reasons, people invented paper money.

So let’s move on to the paper money. At first, paper money was used In China in about 650 A.C. After then, paper money was used in Persia and Japan. In Europe paper money firstly was produced in the Netherlands in 16 century and in the USA in 17 century. Paper money doesn’t have any value in itself. It is worthless, symbolic. In other words, paper money is just a note. It has a purchasing power because the government announces it as money and citizens accept it universally. Nowadays, we often don’t see real money (banknotes and coins) because we use credit cards and money is like an abstraction. Our money is placed into electronic space and it circulates just because of our imagination, but this electronic banking lightens the trade, purchasing, etc.