It is important to note, that the same student loan consolidation can be done only once to the same loans. But if a student will continue studying and takes a new loan, then he or she can do the student loan consolidation once again.1. The Private Loan: Removal Of A Co-Signer.The private student loan consolidation gives a possibility to free a relative or a parent from the position of the co-signer. This is possible after 24 to 48 months after making the regular payments.2. Useful Questions To The Consolidator Of The Private Loan.After a borrower has signed, the deal has been made. So it is useful to remember to ask questions during the agreement terms talks. Does the consolidator charge the origination fee, can a borrower pay more without penalties, what is the maximum interest rate and what is the running time of the consolidated loan?3. The Private Loan: Do I Have To Pay During The Application?When you have applied for the consolidation, it is wise to do the regular monthly payments to the lender. This gives a good picture about your financial position and assures, that you will pay, what is needed.4. How Big The Loan Sum Should Be?Most lenders see, that the total sum of the private loans must be at least $ 5.000 before you can consolidate them into one private loan. The consolidation process for the private loan takes usually about 45 days.5. Do Not Consolidate, If It Is Not Needed.The target of the consolidation is to decrease the monthly payments and to reveal money for the other purposes. However, the longer you will pay your student loan, the more you will pay, because the longer it takes, the more interests you have to pay.On the other hand, if you will take the maximum length, and you have negotiated the terms, where you can pay earlier if you want, this gives you two options. You have more disposable money, but if you have some extra money, and if you want, you can pay more sooner, than what the terms require.