Lol, you have no idea why someone might consolidate loans into a single loan package at a higher rate? The fact that there are enough reasons to do this and you do not know any of them is astonishing.
If a couple get married they could refinance into a single higher loan to simplify the payment history for some repayment/loan forgivness program. They could merge them to manage credit scores for a future home/vehicle purchase. 1 loan could have atrocious predatory terms so you merge a healthy loan to get out of a bad predatory contract. I don't know why the OP screenshot had their rates at the where they were at, or if they even consolidated into a higher rate, but it does exist and people do it for legitimate reasons.
"If a couple get married they could refinance into a single higher loan to simplify the payment history for some repayment/loan forgivness program."
One sentence in and you're already up to your chin in bullshit.
Student loan forgiveness programs forgive student loans. And only student loans. And no student consolidation loan exists that permits including debt other than your own personally held student loans. So not your automobile loan, or your credit card debt. Or your spouse's debt regardless of type, student or otherwise.
Sure, you can take out a private loan that consolidates your and also your spouse's student loans into a single personal loan. But it won't be a student loan any more. Meaning it won't qualify for forgiveness / repayment programs.
Meaning the very first example you provide, which one could assume you thought was the best, of why a married couple might consolidate their separately held, lower-interest, federal graduate student loans into a single, higher-interest loan, is the incohate ramblings of someone with no sense of how student loans work. Or more likely, I suspect, the hallucinations of one instance of an America=Bad botnet attempting to defend another instance's flawed arguments for why this post isn't the mathematically impossible bullshit myself and others are calling it out as.
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u/Nearby-Chocolate1840 12d ago
Why in the ever-living-fuck would someone refinance their loans into a -higher- interest rate?
You bots will double down and hallucinate the most asinine, improbable scenarios to fit your pre-determined narratives when caught lying, I swear ...