It’s tough being a student in today’s world, and even harder once you graduate and have to cope with the world of money and work. You have to move house, find a job, and then suddenly your student loans are due for repayment. It’s easy to feel as if you are in over your head. Thankfully, there are ways to consolidate your student debts, making it easier to cope with the repayments.What Is Student Debt Consolidation?When you finish school, you may find that you have several different loans – perhaps because you switched schools, or just used different lenders for each year. Managing all those different repayments can get quite confusing, with different amounts to pay out on different dates. You may find it hard to manage the payments required by each lender. Consolidation allows you to group the loans and sell them all to one agency. That agency will pay off those lenders, and then you will then have just one loan with that agency to deal with, making it much easier to manage your finances.Why Consolidate Your Student DebtYou may be asking yourself what benefit it might bring to consolidate student debt. Good question. Many student don’t do this because they feel that the agencies will charge them extra money and it won’t be worth it. That is partially correct. The agencies actually do charge you a fee, which is how they make their money. Also, they might charge a slightly higher rate of interest on the big loan you will now have from them. But consolidating your student debt is still actually going to benefit you. For starters, your monthly payments will be drastically lowered if you consolidate student debt. Also, remember that you will only be paying interest on one amount. The result is that in the long run your interest payments will be less.Consolidation can help you budget more easily, and you may end up paying a lower monthly fee which will help you greatly while you are finding your feet after leaving school. The amount you pay back over the long term may be slightly higher, but it is usually worth this expense to consolidate – especially if you are struggling in the short term.If you are interested in consolidating your student debt, consult your existing lenders – they may be able to recommend a reputable agency, or have their own schemes to help you consolidate your student debt.