How did you do that consolidation to get a lower payment? My wife and I are still paying off her loan $300+/month for her Masters degree and we could use some relief.
It's tempting but don't take the bait...
The goob will compound the interest and you will find yourself owing even more.
The east way is to get as many credit cards as you can, take out as much money in cash advances as you can, purchase high ticket electronics and resell for half price at swapmeet,craigslist,... then pay your student loans off with the money. Turn around and file Bankruptcy on all the credit card debt. That’s the american way.
loanconsolidation dot ed dot gov
(Federal consolidation)
There are different repayment plans. But I did it b/c our income dropped a lot.
You can fill out some basic info and there is a calculator on there that will tell you estimated payments under each plan, the years to pay off, interest, etc. That way you can see that you’re not getting extra things tacked on there!
Good luck!