[chiefofgxbxl]

(Strictly speaking for myself, and my experience may not be representative of what others are experiencing).

I investigated Sofi as an option to consolidate my several loans into one. This would simplify my payments, and get me a lower interest rate.

Sofi's offer was actually a poor one for me. They would've provided one large loan as opposed to the numerous loans I have, but the rate was skewed so much toward the highest end of the spectrum.

I rejected the offer out of concern that I would be locked in to a single high-rate loan that looked good on paper because the rate was slightly lower than my highest rate. The nice thing about having numerous loans as I do now is that they are "compartmentalized". If I want to pay one of the loans off I can do that and lower my total monthly payments. But if I consolidated and had one large loan, if I pay 50% of that loan, it's not like 50% of my monthly payments go away.

Hopefully this makes sense. I'm not a financial guru, so maybe there's something I'm missing in this equation.