No more consolidation benefits?

[EvilNewbie]

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I cannot find one lender that is willing to consolidate and offer interest rate reductions... anyone find a lender?

 

[rgerwin]

Medicalschoolloans.com (I think that's the address) may. Otherwise, most lenders have done away with their consolidation benefits. Really, as far as I can tell, the only benefit is to stretch your payments out.

 

[EvilNewbie]

I guess I won't consolidate then since I can consolidate my loans at any point in time of my loan's life. There is no point in consolidating when there is no interest rate reduction. I wonder if everyone knows this? If you consolidate now, you lose any future changes when they bring back benefits for consolidation which is what I am going to be on. Consolidation helps the company make money, if they don't want it then too bad for them.