conversation: User (mikehod): "My SO has approx. $100k in student loans, both sub and unsub; I am not sure of the exact situation, but she is graduating in July and she is looking to consolidate into one loan.  She asked me for my advice, since she thinks I am wise regarding finance.\n\nNaturally, I told her I would research the subject, so here I am desperately asking for help lol!\n\nAny suggestions or advice? Is there even an option to consolidate these types of loans?\n\nI have no experience with this type of loan (I graduated in 2000 with very little student debt, looong since paid off!) and could use some help!"
  Self: "I wouldn't bother consolidating federal loans. There are essentially zero benefits to doing so. But there are a few downsides, your ability to pay off individual sub loans aggressively disappears, and your interest rate can actually be rounded *up* 1/8%\n\nIf she has private loans there are some options to consolidate/re-finance those that can result in lower interest rates and/or monthly payments. But we can't offer more help without more details."
  m4dh4xx0r (m4dh4xx0r): "I agree.  If the loans are all federal, I wouldn't bother consolidating - you lose the option of paying off individual loans.  The reason it's beneficial to pay off individual loans is you can lower the amount you must pay each month as you pay off each loan.\n\nFor example, say you have 3 loans of equal size, totaling $300/mo.  You get your tax refund next year and decide you can pay off one of those loans entirely, so you do it.  Now you only owe $200/mo - of course the smart thing would be to still pay more to clear the debt faster, but if you come under hard times, it's nice to know you only HAVE to pay $200/mo now.\n\nIf you consolidate, your monthly payment can't be lowered by eliminating any loans (b/c you can't, they're all one loan).\n\nEDIT: I should also mention, having multiple loans usually isn't a hassle - at least the ones I've dealt with have all been under a single servicer.  They add up whats due for each loan, and you have a single bill each month."
  User (mikehod): "Thanks for the advice!   I appreciate your help!"
  