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 underground 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 underground Loans
Great Lakes Regional Consolidation
You can use a Great Lakes student loan consolidation loan to deal with your superior federal and underground loans. These programs offer cut off consolidation loans for each type of student loan. Generally, the Ffel agenda loans are easy to consolidate. They do not require any reputation check and have no fees for application and processing the loan. If you have underground student loans that you want to merge you can do so with these programs. You enjoy the benefits of two cut off 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 citizen or qualifying permanent resident above the state's legal age to consolidate. Even though you are eligible for consolidation, you have to continue production 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 normal list of loans that qualify for the region:
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