Ch.9, Julia Star has just earned her Ph.D. in Psychology. To finance her doctoral degree she took out three bank loans. At this time, all the loans will all mature in five years. Julia has the option to re-pay the loans at any time without penalty before maturity. The breakdown of the loan balances is below:

Loan	Balance Due	Annual Interest Rate
1	$15,000	7%
2	$13,000	8.5%
3	$32,000	7%

Julias new bank has offered to provide a new loan to consolidate her $60,000 in debt. The new loan would have a maturity of five years and would be priced at 7.25% annual interest rate. Based on the information above, should Julia keep paying her loans as they currently are or should she enter into the new consolidated loan of $60,000 priced at 7.25%?