You might be able to consolidate the loans but the interest rate won't be lower because the new rate would be a weighted average of the rates on the loans being consolidated rounded up to the nearest 1/8 of 1%. Refinancing might lower the rate but you can lose options like extended and income-based payment plans and loan forgiveness programs. You can learn more about dealing with student loans and other debt in our new book "What Your Financial Advisor Isn't Telling You."
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