Business Editors & High-Tech Writers
SAN DIEGO--(BUSINESS WIRE)--July 22, 2002
Consolidation Assistance Program(SM) today announced the implementation of its new electronic signature service, which allows Federal Student Loan Consolidation applications to be signed electronically by customers online.
Customers can link directly to the company's Web site at www.mycaploan.com via a secure Internet connection to apply for student loan consolidation.
According to John T. Weir, Consolidation Assistance Program senior vice president, this new service makes the already attractive Federal Consolidation Loan Program even more favorable for borrowers. "In addition to making the application process as easy as possible, our electronic signature service eliminates a lot of paperwork for everyone involved in the student loan consolidation process -- and it's a very secure means for handling these loans."
David Harmon, Great Lakes Higher Education Corp. chief marketing and sales officer agreed. "Today's Web-savvy customers expect advanced technology and a high level of customer service. Great Lakes is pleased to provide this service to Consolidation Assistance Program student and parent borrowers."
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From the applicants' standpoint, loans may now be processed faster, which allows them to begin saving sooner by locking in one of the lowest current student loan consolidation interest rates, as low as 2.25%.
"We are continuously improving and making our application process more convenient for our customers," said Weir. "Now, with online e-signature they can apply for consolidation in a simple one step electronic process."
The electronic signature utilizes the Department of Education guidelines on electronic signature and the PIN authentication service offered by NCS Pearson's Student Authentication Network (STAN). For more information about Consolidation Assistance Program or to apply online for a Federal Consolidation Loan using the new e-signature service go to www.mycaploan.com. For information about Great Lakes Higher Education Corp. go to www.glhec.org.
