Student loan consolidation program for university and college students is an important option, especially if they find themselves suffering from serious financial situation. Definitely a student with a lot of college debts staring his face can become stressed with such heavy financial load. The good news is that there are a great number of options when it comes to college loan consolidation, and it is certainly not difficult to apply for one as people might think.And so if you are in great need for student loan consolidation program, you only have to work hard into finding the best lender that can provide you with the appropriate program. Needless to say, the process is a serious and meticulous one. You must not rush the process of gaining consolidation for your loans as haphazard application can spell doom. It is best to heed some simple but helpful advice before you go to the bank, financial group or lending company for your student debt consolidation loan.First, you must check your current credit rating. Credit score is an important factor that you have to put into consideration when applying for consolidation program. Better score means lower rates of interest. You are certainly afforded much more attractive student loan consolidation program options if you boast of a decent score.If you possess both private and government loans, it can be advantageous if you are able to consolidate your federal loans ahead of the private ones. Definitely, consolidating your federal debts separately is beneficial as interest rates on government loans are lower.You can also make good use of the online consolidation calculator, which can actually provide borrowers with a clear idea on how one may be able to benefit from student loan consolidation program.