Date: June 16th, 2012 10:02 PM
I have ~40k outstanding at Stafford rates of 6.8%. These are in three different accounts, with separate servicers for each. It is my understanding that I cannot consolidate these loans, as they are federal. Alternatively, even if I do consolidate them, the interest rate will not decrease by much.
I have almost exactly 10k at the Perkins rate of 5%. I don't really think of this loan as any sort of problem, as it only requires $100 a month for 10 years, and I cannot move up the due date per the terms of my servicer.
What to do now? I'm only earning about 50k per year at a small law firm.