So I graduated a few years ago from NAU, and I guess I got off easy. 6 years of crazyiness cost me ~$24k in student loans while I was there.
Yesterday I got a statement from the service that consolidated my student loans for me in 2003. Man I am a happy camper.. a clause kicked in recently that lowered my interest rate. I guess after making on-time payments for 3 years I got a full 1% reduction.. my new rate: wait for it.. 1.67%
Over the 20 year repayment term I will only pay ~$6k in interest, free money if you ask me. I know loan rates are not that low anymore, but there are a few student loan consolidation services out there that will give you a deal if you shop around.