Refer to the consolidation application for more information about repayment plan eligibility. Your information won't be saved if you navigate away from the online application.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.You may be able to change plans at any time, based on eligiblity requirements.Note: Depending on your situation, there may be eligibility requirements for certain plans.That loan is really a personal loan regardless how uncomplicated or easy this indicates.With a framed college degree on your wall and the 6 to 9 months grace period over, the time has finally arrived for paying back the student loans that you were granted for financing your way through college.Bruce Mesnekoff and his team at The Student Loan Help Center helped me tremendously with consolidating my student loans.
To identify your current plan with Great Lakes, and to investigate other plans, select tab to estimate your monthly payment under various repayment options.
It's important to gather your application information ahead of time, especially since you're required to complete your application in one session.
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.
This is because you will lose your rights under the federal loan programs once you choose to consolidate with a private lender.
These include deferment, forbearance, cancellation, and affordable repayment rights.