Re consolidating consolidated student loan

27-Oct-2014 02:45

You may receive correspondence from the government regarding student loan consolidation, and it's also important that you understand that process and what it means to you.

You can stretch your term out with a consolidation loan, and that may lower your monthly payment even though you may pay more over time.

Congratulations, you’re here because you’re ready to take charge of your student loans.

We can help you understand the difference between consolidating and refinancing student loans—and figure out what option is best for your future.

Department of Education made the landmark decision to allow you to choose your consolidation servicer (of which, Great Lakes is one) under the Direct Consolidation Loan program.

Since you must select a repayment plan on your application, start by determining which plan makes the most sense for your situation.

You can stretch your term out with a consolidation loan, and that may lower your monthly payment even though you may pay more over time.Congratulations, you’re here because you’re ready to take charge of your student loans.We can help you understand the difference between consolidating and refinancing student loans—and figure out what option is best for your future. Department of Education made the landmark decision to allow you to choose your consolidation servicer (of which, Great Lakes is one) under the Direct Consolidation Loan program.Since you must select a repayment plan on your application, start by determining which plan makes the most sense for your situation.When you apply, you can choose one of the listed federal loan servicers—including Great Lakes—to complete the consolidation and then service your Direct Consolidation loan. For loans consolidated and serviced by Great Lakes, you'll receive your first communications from us within one-to-two business days after submitting your online application.