Refinancing student loans?

[Anonymous]

I have 4 separate student loans and it's just a nuisance to pay 4 different loans at different times of the month (thanks, dad!) in addition to other bills. Is refinancing even worth it? One of the bills is in my father's name but I'm paying it off.

[Anonymous]

Anonymous wrote:I have 4 separate student loans and it's just a nuisance to pay 4 different loans at different times of the month (thanks, dad!) in addition to other bills. Is refinancing even worth it? One of the bills is in my father's name but I'm paying it off.

You really should sign up for auto pay for each loan where they automatically deduct it from your account monthly. Most student loan companies will give you a discount on the interest rate for doing that (.025%). That's one way to bring down the interest rate. You can also change the due date for your loans so they all come out of your account the same day.

IN terms of refinancing them all into one loan, only the US Dept of education is doing that now, and it's just loan consolidation. It's not what I think of as refinancing. So they take the average weighted interest rate and use that.

Not really sure what you're trying to say w/r/t your comments about your father . . .