Great Lakes Higher Education is Now Ascendium Education Group

Monday, November 19, 2018

November 15 marked the start of a new chapter for the company formerly known as Great Lakes. Effective that day, Great Lakes became Ascendium Education Group.

The new identity and brand spring from the acquisition early this year of Great Lakes’ student loan servicing business, Great Lakes Educational Loan Services, Inc., by fellow servicer Nelnet. Ascendium consists of the remaining Great Lakes companies that were not part of the acquisition, including its student loan guaranty operations, education philanthropy and the Attigo line of student success solutions for colleges.

The change is expected to have no significant impact on philanthropy partners, customers or borrowers. As Great Lakes, the company has focused for more than half a century on expanding opportunity through the power of higher education. That focus will continue under the Ascendium banner.

The name Ascendium captures the company’s ultimate purpose: to help people realize their highest potential by elevating postsecondary educational opportunity for everybody.

“This new chapter in our history provides an opportunity to recommit ourselves to our core mission,” said Ascendium Chairman, President and CEO Richard George. “The transition away from loan servicing means our focus is stronger than ever on helping students achieve the education goals that matter most to them.”

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