Question:
Before I make a call on Monday to check I thought I'd check here first: I just looked at my student loan account and I have two loans, both consolidated: one is a consolidated subsidized loan (I think that means a consildation of all of my subsidized student loans) and I also have a consolidated loan of my unsibsidized loan. These student loans were consolidated at a terribly high rate - 8.25%. Is it possible to consildate these two consildated loans together in order to get a reduced rate?

Answer:
Not likely--they only allow one consolidation. But I'd still call and make sure. There might be a chance that these consolidations were done outside of the system and do not count. 8.25% is kind of high considering the market right now. If you have a home, a home equity loan might be a better idea. Or, if you have an expensive luxury car (anything over $7500 in my book), consider selling it and buying a cheap car, and pay down the loan with your profits from the car. You don't need a big car when you are in debt big-time.

I just looked at my student loan account and I have two loans, both consolidated: one is a consolidated subsidized loan (I think that means a consildation of all of my subsidized student loans) and I also have a consolidated loan of my unsibsidized loan. These student loans were consolidated at a terribly high rate - 8.25%. Is it possible to consildate these two consildated loans together in order to get a reduced rate?

Yes you can probably lower rates on both. Yes you could combine both. More than likely you'll be told the subsidized loans will become an "unsubsizied status" which means you could not request forbearence or delayed payment schedules anymore. This status could have a huge effect IF you lose your job and do not want late payments on loans.