<prompt> Human: Graduating soon and have four different loans all with an interest rate of about 6.75, which is much higher than current markets rates. What are some ways I can consolidate that debt and reduce the rate?Am I stuck paying 6.75?  <response>: The Department of Education has a streamlined process for consolidating loans if you have federal student loans. I actually used this process. However, private loan consolidation is an entirely different deal. The FinAid website indicates that private student consolidation may depend on your credit score and it can reduce your payments down to one single payment. It appears that you would need to go to a bank or credit union recommended to do this. 