Consolidating with great lakes
And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Private consolidation is often referred to as refinancing. We believe everyone should be able to make financial decisions with confidence. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. " There are two types of student loan consolidation: federal and private.Here’s how: Federal loan consolidation doesn’t have a credit requirement, and it offers the benefit of a single loan bill and potentially lower payments.But it’s only for federal loans, and it won’t cut your interest rate.We’re one of the country’s leading guarantors and servicers of student loans, serving millions of borrowers, the U. Department of Education, more than 6,000 schools, and 1,100 lenders nationwide.
The goal with this process is not only to get the ease of a single payment, but to receive a lower interest rate based on your financial history.GL emailed me and I called to see what was going on. They put my account in forbearance which it still is but I continue to make my payments as always.The more you communicate with them, the worse your situation becomes.There is no watchdog over this entity and they well know it.I was on an income driven plan that would require me to reapply for yearly.