You probably shouldn’t trust anyone offering you free government money unless that person happens to be dancing around the nation’s capital wearing a blue leisure suit with question marks on it. Know what I’m sayin’? But hear me out.

If you have more than one PLUS or GradPLUS loan at an 8.5% fixed rate (loans taken out between July 1, 2006 and July 1, 2010), you can consolidate those loans into one 8.25% fixed-rate loan. Welcome to the PLUS consolidation loan loophole.