Federal Education Loans Consolidation

You can consolidate all your federal education loans from any lender to Navy Federal and get one fixed-rate loan with extended repayment terms up to 30 years.

• Your consolidation loan rate is the weighted average interest rate of your previous loans, rounded up to the nearest 0.125%, but not to exceed 8.25%. (Previous interest rate reductions are not considered in the weighted average interest rate.)
• Log on to www.mygreatlakes.com Borrower and click on "Consolidate My Loans" to access the Consolidation Loan Assistant to find out what your new fixed rate will be.

Reduce Your Loan Rate with Timely Rewards^SM

• On federal consolidation loans disbursed after June 19, 2006, after you’ve made on-time payments for 36 months, our Timely Rewards incentive program will reduce your interest rate by 1 percentage point.
• Receive an additional 0.25% off your rate when your payments are automatically deducted from a Navy Federal checking account or other financial institution’s savings or checking account.

Consolidate your Education Loans now!

For more information, contact our Education Lending Specialists at 1-800-338-5736 (1-703-255-7625 in metro. Wash., DC). Hours: 8:00 am to 4:30 pm, M–F.