Loan Consolidation

Questions To Ask Yourself

What loans do I have?
How soon do I plan to repay my loans?
Do I need the lower payment only for the short term, or for the life of the repayment time allowed?
Do I plan to pay off early?
If I consolidate what do I gain, what do I lose?
Would there be enough of a difference in the required monthly payment for my 10 year original terms versus under consolidation for however many years I qualify for?
Is locking in a “lower” FIXED rate important?
Do I take a chance that the original variable rates over the 10 years will stay low?
What are my short, mid, and long term goals financially, personally, and professionally?
Does consolidation in general fit in with them?
If not, does the lower fixed rate provide enough justification to consolidate anyway?