You have to work hard for it, with sweat and sometimes even with blood.

He or she can also avail of a lower monthly due from her new lender by combining all his previous loans into one.

This is a great advantage when consolidating student loans.

Alternatively, you could lengthen the terms of your student loans to stretch the payments out over a longer period of time, thus making them more manageable.

If you've graduated, can't find a job, and have student loan payments to make, you can either consolidate, request a deferment, or apply for forbearance.

As most say, education is the way to development and to success.

This is where you get to learn what is essential and what you can use in real life.

Cheap student loan consolidation may have some disadvantages in certain cases.

For one, consolidation might require you to extend the term of your loan if you wish to reduce your monthly payment.

Private student loans - which come from institutions like banks - cannot be consolidated under the same guidelines as federal loans, but are available for consolidation under separate programs. Go over your existing loans' interest rates and compare them to the proposed consolidation rates, taking into account your lower monthly payment. But some loans that were under the federal Direct Loan Consolidation program can be re-consolidated. You've already taken the first step, which is research.

You could save money in both overall payment and interest rate. citizen, finished with school, owe at least ,500 (it varies by the lender) and are in good standing on your existing student loans, you should be able to consolidate. Read, ask questions and compare programs to find the best option to fit your needs.

Most federal loans (such as Stafford, Perkins and PLUS loans) can be consolidated.