I decided to look into today to consolidating my student loans, because after looking at some of the interest rates. I have some low ones at 2.47 and some high ones at 8.5. My current lender said that they can't consolidate anymore (neither can any private company in the country either), so you have to go to the department of education. In the past, before Obamacare, you would go to your lender (or another lender) consolidate your loans, get a lower rate and a better term. You would shop around, like you do with mortgages, credit cards, auto loans etc.! That is what it used to be!!! NOT anymore with the Obamaloanstore. What they do now is take a weighted average of your student loans interest rates and give you a weighted average (interest rate (meaning they take the average and then raise it a little). OK, so if I go in with a 2.47 and 8.50. The average is 5.49, then they add on to that and get it to 6.49. That is a deal only a liberal could like. Say I go in with four 8.5% loans, I get a 9.5%! So where is the benefit? The answer? There is none. ZERO!!! This is the only place you can go to for consolidation! THEY GAVE THE FEDERAL GOVERNMENT A MONOPLY AND A LICENSE TO FUCK PEOPLE! Obama is a fucking moron! He federalize the student loan market and trying to say its a better. Really students are now snow-job! They can't consolidate. They can't get a better rate or payment. There are no options! NONE. I am suck paying a 8.5% when rates are at there lowest point in HISTORY! WTF! Great question would be at this point, is why is a healthcare law making the worst and most drastic change to student loans!