is it possible to reconsolidate my student loans again?

[vital]

I reconsolidated and locked in my interest rate @ 5.75% when I had to start paying back my student loans a year ago. Now that the fed is lowering interest rates, is it possible to reconsolidate again? How about taking out another loan at a lower interest rate and paying my student loan off?

 

[randomlinh]

nope, can't do it for federal student loans. dunno about private loans though.

if you can somehow get another loan at a low fixed rate, go for it. But I don't think you can beat the student loan rate. If you can, do let me know, I have some private loans sitting on a variable rate

 

[AndrewR]

You could take out another loan and pay off the student loans, but then you wouldn't get any tax deduction for student loan interest. Depends on your tax bracket if that matters or not.

5.75% isn't bad, and most private loans you could get will likely be higher.