College Loan Consolidation

[pmdvert18]

so pretty much the goal is to lock in the interest rate....

I checked online and did a loan consolidator...I have 12k remaining on my loan (payment of $175 per month). With the consolidator I used I will owe $103 a month for 180 months (15yrs). The interest over that term will be 5.375%. I am able to pay more than a minimum balance every month (would be willing to pay $250 a month). With this in mind do you think consolidating is a good idea??