jj-85 asked:


So I recently got out of college and thinking about loan consolidation. I consolidated my Federal Direct Subsidized Stafford Loan a year or so back before the interest increased to 6.8% (While I was still in school). Since that consolidation, I was still in school and accepted another year’s worth of Federal Direct Sub Stafford Loan. I also have Perkins Loans.

Would it make sense to consolidate my last year’s Direct Fed Sub Stafford Loan to my existing consolidated loans? Should I also consolidate the Federal Direct Loan with it too?

SallieMae: 5.125%
Direct Loan: 6.8%
Federal Perkins: 5%

If I consolidate those three all together, the weighted interest would be 5.375%

Should I leave Perkins Loan out and just reconsolidate my SallieMae with my last year’s Direct Federal Sub Loan? This should be then 5.625%

Consumer Credit Counseling Debt Consolidation