Federal Education Consolidation Loans

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 Automatic Payment Deductions: 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.
  Effective on Stafford and PLUS Loans disbursed after July 1, 2000, and effective on consolidation loans after May 1, 2002.

Request an application online, or contact a consolidation specialist through our guarantor/servicer Great Lakes Higher Education Loan Services at 1-800-950-0152 to guide you through the process.