This may be a good idea if you want a single monthly payment.You may also be able to get a better deal if, for example, your credit score is better now than it was when you first took out the private loans.
These circumstances are: Borrowers cannot consolidate private student loans with the federal consolidation loan programs.
However, if you have private loans, you may want to think about consolidating these loans into a new private consolidation loan.
These include deferment, forbearance, cancellation, and affordable repayment rights.
Also, federal consolidation loans generally have lower interest rates.
Both spouses are jointly liable for the loan and both must request IBR.