Financially, the life of a student is not an easy one. The cost of an education is not cheap. If a student does not have the backing of a family there are other non education costs that need to be incurred such as food and rent. Unless a student is born with a silver spoon the cost of the education can leave a student in debt for thousands of dollars. The debt can take years to pay off which will become frustrating and stressful as you need to pay off some of the debt before you can start with creating wealth for long term security. However, a student will look long term as gaining a degree will open a lot of doors in the future. After graduation, you will be able to find a top paying job which will allow you to earn on income that will allow you to purchase your dream home and to generally allow you to enjoy the finer things in life such as going to restaurants, buying a nice car and so on. Until graduation, a student will be accumulating more debt which will be difficult to pay off as not much income comes in from part time jobs to finance the debt. However, in the meantime, a student can make life less stressful by simplifying things and reducing the debt. The consolidation of student loans has the benefit of lowering the monthly repayment amount as you will be charged only one interest rate which is usually lower than the rates charged on the individual student loans. Also you will only be charged one management fee as only one finance company will be used instead of various ones each charging their management fees. Finally the convenience of having one consolidated loan is you only have to remember to make one repayment a month instead of several repayments a month. It is easier to remember to make the monthly payments and by not defaulting on a payment, the finance company will not charge default penalties.Finding a student consolidation loan is a lot easier these days because of the internet. You will be able to surf the net to find the best consolidation debt loan for you. You also will be able to compare the interest rates to find one at a discounted rate. There are a large number of lenders to choose from so you need to choose wisely. As a rule of thumb, I would choose a well known company that has a good name in the industry. The company will need to be well established. They may be able to offer you more flexibility in the terms available as well as offering you discounted interest rates. Before you sign the loans debt consolidation contract, make sure you read and understand the terms and conditions of the consolidation loan as you don’t want unexpected surprises appearing in the future. Also ask the loan provider if you can get the best deal ie the best interest rate available. Also see if there is flexibility provided in case you have problems making repayments in the future due to unforeseen circumstances. Most reputable lenders have a student consolidation debt calculator which you can use online to work out the repayment amounts based on the term that you choose.