|
 Student Loans
for Young and Old
We believe in helping our members get what they want!
So
whether you or your child are heading off
to college, make GPO your
first stop.
Consolidate Existing Student Loans
Federal student loan consolidation lets you combine all
of your federal student loans into a single loan with a fixed
interest rate. Because you only have one loan, you only have one
payment to make each month. This can really simplify the repayment
process.
Here are a few reasons to consider consolidating your
student loans:
Convenience.
Simply put, making only one student loan payment each
month is a lot easier than making a bunch of payments. Consolidating
can save you a lot of time and hassle.
Lower Monthly Payments.
Depending on how much you owe, you may be able to extend
your repayment period up to 30 years, instead of the standard 10.
This can lower your monthly payments considerably, making it easier
to pay all your bills from month to month.
Fixed Interest Rate.
When you consolidate, the interest rate of your new loan
is based on the weighted average of the interest rates of all the
loans you consolidate. This allows you to lock in one rate for the
entire life of your loan.
Repayment Flexibility.
As with most other federal student loans, Consolidation
loans offer deferment and forbearance options to help you out in
case you have trouble making payments.
If you decide that a Consolidation loan is right for
you, the next step is to fill out an application. GPO will help you
every step of the way. Stop by any branch and speak to a Member
Service Representative today. |
