There are a few company’s that offer private student loan consolidation however they do not grantee a fixed rate or a lower payment. The only benefit is marking payments to one lender and if both of your loans are already through one lender there is no point.

Edit:

The only loans you are garunteed a locked rate on are federal loans.

Yes…there are many private consolidation companies that usually start bugging the crap out of you to consolidate after graduation. They will “buy” the loans from your creditors and lock in a rate for you (that’s what i did). If you got a loan from the Feds, they can help you consolidate their loans. If you want to shop around, there are many independent companies like Sallie Mae that consolidate the loans for you. It’s easy because you lock in the rate for good if it is low and you only have to pay one bill per month. I would stick with your original lender if it is the Feds or a reputable one that others recommend. I used the Federal one but legally they can’t recommend any companies to you. hope this helps

Wow if you think 905 and 10.5 are high, than you must have gr8 credit…if you have really good credit you can combine both loans in to one loan and maybe , just maybe get like7.5 or 6.5…

GL