Why should I consolidate my student loans?

By consolidating your student loans, you can bundle all of your loans and previous consolidations together into a single loan, which means that you will have only one lender and one payment to deal with. Student loan consolidation also gives you a chance to lock in at a low interest rate, which can save you a great deal of money over time. Now if your lucky enough to have a previous student loan consolidation at a lower rate and you took more loans out you can consolidate your new student loans at the higher interest rate into your old lower rate consolidation. By using the weighted average it will help to lower the rate on your new loans! Instant savings and most of the time a consolidation will lower your payments up to 51%