Ok -- sorry to go through this again...

I have a consolidation loan ( done 99' wife and myself) with direct loans.


I also have student loans through wells fargo. F

Both are at ~ 7%

Educational Direct is pressuring me to consolidate. They threaten that if i do not sign up, my rates will go up 2%

Fixed rate interest rates do not go up and the government just upped the interest rates at 6.8%. Ask Education Direct which law dictates that your loan would go up further.

Can SOMEONE help me understand (in short order) what i should do/ can do?

It probably wouldnt hurt to reconsolidate the whole package. Your interest rate would pretty well remain the same.

Thanks