What is the Graduate Loan Center?

The Graduate Loan Center is a company based in Chicago, Illinois. The company helps students to pay for the soaring cost of higher education by helping them find the loan option that is right for them. The Center is a completely owned subsidiary of the FinanSure company.

What they can do for you

The Graduate Loan Center is able to work together with financial institutions throughout the nation to help students and parents deal with loan debt. They offer the use of the Federal Consolidation Loan Program, which is backed by the government. This program was created to help borrowers repay their loans more easily through lower monthly payments. The program is at no cost to the borrower, and allows him or her to combine any outstanding federal loans into a lump sum loan. The new combined loan has a locked-in fixed rate for its duration.

Consolidation and the Graduate Loan Center

Consolidating outstanding loan through the Graduate Loan Center has many benefits. It can lower your regular monthly payments by up to 52%. The fixed rate is locked in for the loan's duration, so you don't have to worry about variable rates rising dramatically. There are various repayment plans to choose from with no penalties. Consolidating allows you to make just one monthly payment. If you choose to have your payments automatically deducted from your back account, you are eligible for an interest rate reduction. No credit checks or application fees are required.

Private Loan Programs are also available

Also referred to as an alternative loan, private loans give you the opportunity to borrow additional money needed to cover any education costs that aren't met by traditional loans. Those offered by the Graduate Loan Center are flexible, cost effective sources to help with your loan needs. The Graduate Loan Center offers students what is called the GLC Graduate School Private Loan. This type of loan has quite a low interest rate. You can easily apply by phone or online, and approval is usually given in minutes. You don't have to fill out any federal forms and you can receive up to a $30,000 loan for each academic year. The payment plans are easy, and the whole process is fast. Students looking to acquire a loan, or consolidate outstanding loans, need to look no further than the Graduate Loan Center.