<human>: I'm 27 and have around $147K in student loans. The good news is, the education put me in a profession where I'm making around $150K per year. I'm currently on a 20 year repayment plan, but I'm hoping to pay it off in around 10 years. The interest rates on the various loans vary from 6.5% to 8.5%. I'm very happy and would have done it again if I had to as I come from humble beginnings.

Around $60K of my loans are held by the Department of Education and have an interest rate of either 7.9% or 8.5%.  I just got something in the mail from a private company that says I can get interest rates as low as 5% by consolidating.

However, on Reddit, there's always a lot of discussion around Senator Warren and her plans to lower the interest rates ([Source] There's also been discussion (although no legislation) to forgive some student loan debt (I doubt it). But my guess is your loans would have to be owned by the Department of Education to take advantage of this incentive.

Do you think it's worthwhile to consolidate all or a portion of my student loans at a lower interest rate with a private company or should I wait it out and hope the legislature acts on the student loan bubble? Any thoughts would be appreciated.

Can you succinctly summarize the text in 1-3 sentences?
<bot>: Lots of student loan debt, refinance now at lower interest rate (~5%) or wait on legislature (~3.86%)?