Total amount owed? HEART ATTACK. $150k. For REAL.
Filling out the federal loan consolidation paperwork is incredibly difficult. The feds have a database of what loans you currently have outstanding, but you have to enter each of your loans into the consolidation app separately, and they want things like the lender, guaranty agency, account number, and all that jazz. Hello? YOU ARE THE ONE THAT LOANED ME THE MONEY. Shouldn't YOU have this info? Damned if I know the amount, lender, guarantor, and account # for each loan. It's taken me over an hour to just give up on this whole thing. I'll have to figure it out another time.
Apparently, one can consolidate loans either 1. while still a student or 2. right before your grace period ends. If you consolidate in the middle of your grace period, you have to start repayment within 60 days, which could actually shorten your grace period. So don't do it.
I give up. Time to watch more MTV Cribs.