Private College Student Loan

If I file a consoldation loan for 3 loans are they allowed to only consoldate 1?Doesnt that defeat the purpose?

I filed for a student loan consolodation with Great Lakes Borrower Services for three different student loans. I was told I would receive an answer by the second month, I did not, I sent an email asking what was going on and no answer. I then called and was bounced around and never received a call back. After four months went by I sent an angry email requesting they cancel everything. Funny how it should be the loan was filed shortly thereafter, I was never contacted about the approval of this loan not via mail or email. The funny thing is they only put through one loan.. Why the heck would I even have bothered? Now my one loan has moved from one lender to great lakes and my interest is .5% higher.. Is this legal? There is one man I speak to who is very rude and basically calls me incompetent, even though I would love to find out more but he cant tell me..

Public Comments

  1. There is the application for the loan. Then there is the approval for the loan. Then there is the signing of the actual contract for the loan. Then there is the disbursement of the funds from the loan. You will have a copy of any legal contract you signed. Without it, there is somethinb peculair going on, either with your story or with their actions.
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