Most likely the final payment will be whatever is left ($178) but to be sure you should ask Great Lakes themselves. There is a reason that the Department of Education only provides the money and maintenance contracts and not full service. They hire servicers like Great Lakes, Navient, NelNET, FedLoan to deal with the massive amount of people that they loan to and to cover questions, concerns, modifications, and rehabilitations. I personally have Navient that I deal with right now but in the past had NelNet and Sallie Mae with a finding that your servicer is actually your best friend when your life goes upsidedown even more so than a normal creditor like a bank. They might not be able eliminate your loan but they have wide flexability to adjust your payment schedule and amounts.
@Anonymous wrote:Thanks for the reply zerofire. I guess my question is more about how it will be classified. Is a loan that is paid in full during rehabilitation, still considered rehabilitated in regards to credit score effects?
Paying the loan in full during rehab does bring it out default, however; the loan should not be paid off early or they may not count it. You have to make the 7-9 payments as requested and never be late. You should certainly call to verify with your lender. I cant speak from experience because I chose not to rehab but to consolidate to close those loans so they will age the lates. My lates are from 2012-13. I read here about several people that checked their credit and the lates weren't removed so I decided against it.
Score: F8 EQ 609, EX 597, TU 614 (1/17) Current Score: F8 EQ 701, EX 714, TU 689 (12/18)