Student loan consolidation helps folks who are under the burden of their instructional debt. When they take out a consolidation loan, they are ready to manage their loan payments better and they should repay at a lower rate of interest, which also makes the loan much more reasonable to them. Student loan consolidation makes all this faster. When a student decides to consolidate a loan, what they are really doing is they are getting all the loans mixed into one single loan. A student loan consolidating company does this for them. In reality the student loan consolidating company pays back the loans to the various lenders and then the student has to only pay back to the consolidating company.