Partial refinance while in residency?

[ED50]

Hey all! Just came across a company that will allow me to refinance part of my loans while in residency. They will not allow me to refinance the whole thing (300k+) but I was thinking about refinancing my high interest Grad plus stuff which is at 8.9% I believe. I already know I am not going to do IBR and was hoping to get your opinions on the subject. They quoted me at around 3.5% for a 5yr loan and around 4.7% for a ten year loan. Is this a smart way to save money or am I giving up flexibility and potentially stressing myself out for little benefit? My plan was to refinance and make the payments each month on my new loan, defer all my other loans and pay as much as I can each month. Thoughts?

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