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Hi! Another newbie here. One of your first priorities should be to do a loan consolidation on the student loans and lock in at today's lower interest rates. 9% seems EXTREMELY high as I just consolidated Parent Plus loans at 4.35% and student loans are usually 1% lower than Parent loans.

okay--this misconception MUST be cleared up.


You can only do this if your loans had a variable rate--and even then, I believe, you are limited.

Additionally, your loans are consolidated at a weighted interest rate. So, my loan of 1600 at 4.3% and my loan of 30K at 7.75% make consolidation a non-issue. My weighted interest rate would be something like 7.73333333% or some bs like that.

As OP has 9% interest rates, I am guessing those loans are fairly old--my 7.75 comes from 1999 and that was a GREAT rate, back then.

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