Those who consolidated a while back with UHEAA and Great Lakes and others should now be hitting their 48 monthly on-time payments for the 1% interest rate reduction. Stacked on top of auto debit reductions they should be enjoying interest rates around 1-2%.

http://loanconsolidation.ed.gov/index.html

jatan1986 said:http://loanconsolidation.ed.gov/index.html

I know I can pay my Sallie Mae loans through FIA Billpay, but if I consolidate, does anyone know if I can pay the new loans through Billpay as well?

frank6439 said:Can anyone suggest a compnay that will consolidate my private student loans with a fixed interest rate? Right now I have a gaggle of private loans (one for each semester of graduate school) that supplemented my federal loans. Problem is, each loan is relatively small but requires a minimum payment of $50. Other problem is, each loan has a variable interest rate. I'd like to lock in a fixed rate and make one payment. I can only find private consolidation loans that offer variable rates (and LIBOR at that!). Any suggestions? Thank you, in advance.

Frank6439

Last I looked I think Citibank was the only one offering fixed rate private consolidation. And rates were >9% or something crazy. I'm not sure if Graduate Leverage is offering it anymore.

In short, there are no good deals in this space. Your existing loans are likely your best option.