Private student loan confusion: interest rates, consolidation?

<p>Assuming all of those loans have a 10-year amortization schedule, a consolidation loan at 7.5% would produce a nearly identical payment (abt $298/mo). If you can better that rate, your payment would drop or you could pay your debt off quicker and save yourself some money.</p>

<p>Finaid.org has a loan calculator for this purpose here:</p>

<p>[FinAid</a> | Calculators | Loan Consolidation Calculator](<a href=“Your Guide for College Financial Aid - Finaid”>Loan Consolidation Calculator - Finaid)</p>