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Well, I consolidate my loans several years ago and got great benefits with low interest rates. I am looking to consolidate for my wife and it looks absolutely horrendous. She is at a fixed 6.8% with 150k debt (and growing) and the benefits of consolidation doesn't really exist anymore. The best I have seen is a 0.25% reduction in rates (I had a 2.25% reduction in rates when I did my consolidation years ago). Isn't there a company out there that gives good consolidations anymore? Will it change in the future? I saw that a bill was passed lowering the 6.8% rate but it is only for undergraduate students and not those pursuing further education. I think I should wait since it is fixed rate with only bad benefits out there for consolidation. I think I will wait for when companies start to offer better benefits. The government always has to mess it up when it gets involved.
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