Between my wife and I, we pay out about $1600/month for our student loan payments. I have about 7 different lenders (FedLoan Servicing, AES, CitiBank, Discover, Wells Fargo, Chase, ECSI) and my wife has 4 (CitiBank, Chase, ECSI, AES). We pay each of these lenders on different days for different amounts.
I need to reduce the number of bills I have to pay monthly. I just don't have the time. I know that FedLoan Servicing has been offering me a "Special Direct Consolidation Loan" with a .25% reduced interest rate for consolidating eligible federal loans (http://www.myfedloan.org/special-consolidation/special-consolidation.shtml). I don't know if this is a smart move or not--at first glance, it seems like I'd be saving money but to be honest I just don't trust the government, especially with money.
That said, even if I decided to consolidate my federal loans this way, I'm still not sure what to do about private loans with CitiBank, Discover, Wells Fargo, and Chase. Can I get one of those lenders to buy up the other loans? And is it possible to consolidate in such a way that my wife and I can combine our student loans instead of paying for our own individual loans?