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Consolidation of Federal Loans

The following information was taken from the Great Lakes Higher Education Corporation official web site: www.mygreatlakes.com. Students may also contact the Great Lakes Consolidation Department at 1-800-950-0152, 9 a.m. - 5:30 p.m. to speak to a consolidation representative.

Frequently Asked Questions

Consolidation Questions

What is a Federal Consolidation loan?
A Federal Consolidation loan is one of several loans in the Federal Family Education Loan (FFEL) program. This loan offers eligible borrowers the opportunity to consolidate all or some of their outstanding educational loans into a single new loan, even if present student loans are held by more than one lender and are of different types.