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I don't think anyone else has mentioned this...

You mentioned that you fiance is still in school. The interest rates on Stafford loans will go up by about.6% when her grace period expires (6 months after graduation for Stafford loans). Therefore, you would probably want to consolidate during her grace period. (Another poster explained how interest rates are set once a year in the summer. You may want to use that information to decide exactly when to consolidate).

I consolidate my loans this fall with CFS. When I comparison shopped, they had the best deals (reduction for auto-debit and shortest time for the on-time payment rate reduction). (I waited until near the end of my grace period in order to keep the other benefits of the grace period) I've had no problems with them. The .25% reduction for auto-debit was applied as soon as I complete the paperwork authorizing it.

Another thought. I think I remember reading somewhere that consolidation loans go into repayment almost immediately, but that if a consolidation is done while on "in school" status, the grace period applies. I'm not sure if this is right, but you might want to find out if there would be any benefit to consoldating while your fiance is still in school.
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