In those cases, you may be able to have another go at it.
Yes, a married couple can jointly consolidate their loans, but it may not be a good idea.
You can get a consolidation loan from any private lending institution with government approval, or from the Department of Education itself. Some offer favorable terms like interest-rate reduction for making on-time payments or choosing automatic withdrawal; others may offer repayment plans that better suit your financial situation.
Fin maintains a list of student loan institutions, including large banks; private companies like Sallie Mae; and state education system lenders like the Missouri Higher Education Loan Authority and the Utah Higher Education Assistance Authority.
Unlike with refinancing, serialization won’t lock in a good interest rate. You shouldn’t pay origination or any other fees to get a consolidation loan.
Most lending institutions, including the federal government, offer both online and paper applications.
If you don’t care about the extra cash and just want a consolidation for the simplicity of a single monthly payment, you can use any money you save to pay down the principal.If you’re just finishing college, you’ll want to consolidate your loans after you graduate but before your grace period ends, so that you can take advantage of the lower in-school interest rate (the 91-day T-bill rate plus 1.7 percent, rather than the standard repayment rate of T-bill rate plus 2.3 percent).Timing is everything: You’ll need to complete all the paperwork and have it processed and approved before repayment begins.To do so, you’ll both have to agree to assume full responsibility for payment of the debt.So if your marriage ends in divorce, your loans will still be living together and one ex-spouse will be held responsible if the other refuses to pay up.