A school or lender may contact Great Lakes anytime to change, cancel or adjust the terms of the original guarantee. Before disbursing from a redisclosure, make sure you have not already disbursed from an original NOG or a previously printed redisclosure. Destroy the original disclosure if you need to disburse funds from a redisclosure. If you receive a redisclosure and you have already disbursed the funds from the original NOG, please contact Great Lakes for instructions. Helpful Hints Keep in mind that schools participating in CommonLineSM have the ability to transmit school data to Great Lakes requesting a guarantee.
Guarantees can happen many months prior to disbursement of the funds.
Schools can change information on a guarantee at any time and a redisclosure will be produced if the loan has not been disbursed. Check the disbursement date on the disclosure prior to disbursing funds and only disburse on the date indicated. Examine redisclosures and remember it replaces the original disclosure. Please contact the Great Lakes Customer Service Representative in your area if you have any questions. These changes will be incorporated into the Common Manual when the next semi-annual update is published.