There is no cap on the interest rate of a Direct Consolidation Loan.
If you can get the whole bunch on a 5% fixed rate, I would do it.
QUESTION: Lisa in Arizona and her husband are on Baby Step 2.
All of their debt is student loans, and they owe ,000.
You can calculate what you’re paying with the interest rates from all the loans and add that up as your annual.
Then if you add up the new rate and multiply it by the total of all of them combined equals a certain dollar amount.