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I don't know what your rate is but I recommend you not to think about the word debt as an evil word. Think of it simply as the amount of money you have.
You were loaned say 10,000 at a low rate of 3%. Do you really want to pay it all off so you can take out a house loan that will be a higher percentage right?
If you have more than enough money and can pay it off now and are saying, why have the loan: That money is low interest money. If you can take it and put it into something that pays higher interest, you can make money. Essentially it is free money. I am guessing people here can understand how lovely the concept of free money is. The average rate of returns from the markets is 10% and corporate bonds can often pay in that range and are safe as well.
To sum it up: Consolidate the loan and get the lowest rate and don't worry about paying it off quickly.
-Rudey
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