<prompt> Human: Currently the effective rate on my student loans is 3.1 Variable. I owe 60K and am making 1000 payments each month. At the current rate I will pay off the loan in under 6 years. Now the payments arent an issue and when my car loan is paid off this July I will roll that 315 into the payment. The question is would it make any sense to refinance into a fixed rate even though it would be higher. Sofi is offering 5 year 5.125 if I refinance with an approximate payment of 1170. The 1170 payment would work find with my budget. I just dont know if interest rates will stay as low as they are for the next 6 years and if it would be worth it?  <response>: No. Refinancing to a higher fixed rate is a bad idea. Pay down the loans as aggressively as you can now, and if the rates begin to increase you can refinance a much lower principal amount if necessary. 