Federal help consolidating student loans consolidating two itunes folders
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.
Borrower benefits that could be lost include: Other drawbacks include paying more interest.The interest rate you pay will be the weighted average of the interest rates on all your loans being consolidated, rounded up to the nearest 1/8 of a percent.Therefore, if you have some loans with a significantly higher interest rate, it could be beneficial to consolidate.Are you tired of managing multiple federal student loan payments with multiple interest rates or multiple servicers? The online application should then only take you about 30 minutes to complete. It's important to gather your application information ahead of time, especially since you're required to complete your application in one session.