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Terrible Student Loan Consolidation Rates.?

Calling All Finance Majors…….

I have 6 student loans (federal) for about $60K total balance. One of my loans has an interest rate of 2.8% FIXED. Everything else is a variable rate, presently at ~6.8%. If I consolidate all loans, I’ll end up with about a 5.875% fixed rate. If I don’t include the 2.8% loan in the consolidation, I’ll end up with two loans, the one at 2.8% fixed rate and the consolidated loan which will become a fixed rate at ~6.8%.

The question – I want to preserve the 2.8% part of my student loan with a separate payment BUT I don’t like the 6.8% consolidated fixed loan rate. Are there other alternatives to the rates offered by loan consolidation companies that offer less than a 6.8% rate?

What have you smart gals/guys done to beat these over inflated rates???
Thanks for all advice.


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3 Responses to "Terrible Student Loan Consolidation Rates.?"

  1. clicks says:
    I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.
  2. carlos says:
    What I did ?

    I kept my low-interest loan (2,9%)

    I consolidate my 3 other loans. (5,9% instead of 7,2%)

    Good luck !

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