Disadvantages of consolidating student loans
Each has their own advantages and disadvantages, which you need to be aware of.
It completely depends on you if you are interested in consolidating the student loans.
There is no cap on the interest rate of a Direct Consolidation Loan.
Loan consolidation can also give you access to additional loan repayment plans and forgiveness programs. If you want to lower your monthly payment amount but are concerned about the impact of loan consolidation, you might want to consider deferment or forbearance as options for short-term payment relief, or consider switching to an income-driven repayment plan for longer-term payment relief. If consolidation would cause you to lose the benefits associated with some of your current loans and you are working toward earning those benefits, you should not include those loans in your new Direct Consolidation Loan.