So I am about to default on Perkins Loan, but according to General Revenue Corp (Direct Loan), I have already defaulted on it, and now they want me to consolidate with them ASAP. I have yet to talk to my school about what exactly is going on.
Have you guys consolidated with GRC before? How has the experience been?
Should I just consolidate this Perkin Loans with GRC if my school insists or my other Salliemae loans too?
Full Version: Perkin Loan - about to default
QUOTE (progtick @ Oct 15 2009, 11:12 PM) 
So I am about to default on Perkins Loan, but according to General Revenue Corp (Direct Loan), I have already defaulted on it, and now they want me to consolidate with them ASAP. I have yet to talk to my school about what exactly is going on.
Have you guys consolidated with GRC before? How has the experience been?
Should I just consolidate this Perkin Loans with GRC if my school insists or my other Salliemae loans too?
Have you guys consolidated with GRC before? How has the experience been?
Should I just consolidate this Perkin Loans with GRC if my school insists or my other Salliemae loans too?
GRC is not Direct Loans. GRC is a collection agency, not affiliated with any loan program. They can consolidate you thru Direct Loans.
If a CA is collecting on a Perkins, then you are in default
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