Every area has its own way of advertising and handling their student loan consolidation programs. Great lakes student loan consolidation programs are just like many of the federal and private student loan programs but are geared to residents. You get the same benefits for consolidating your student loans but you get a great deal if you are placed in the region.
Federal and private Loans
Great Lakes Regional Consolidation
You can use a Great Lakes student loan consolidation loan to deal with your superior federal and private loans. These programs offer isolate consolidation loans for each type of student loan. Generally, the Ffel schedule loans are easy to consolidate. They do not want any prestige check and have no fees for application and processing the loan. If you have private student loans that you want to consolidate you can do so with these programs. You enjoy the benefits of two isolate consolidation loans while receiving only one bill per month to pay to the lender.
Eligibility
If your Ffel loan is in grace or reimbursement it is eligible for Great Lakes student loan consolidation. Plus loans have to be fully disbursed to qualify foe consolidation. You have to be a Us habitancy or qualifying permanent resident above the state's legal age to consolidate. Even though you are eligible for consolidation, you have to continue development payments on your student loans until the consolidation loan is disbursed. If your loans are delinquent or in default status, you may not be able to consolidate. You should check with the consolidation lender to be sure. Here is a general list of loans that qualify for the region:
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