An important question is,

How to Consolidate Student Loans?

Before answering this question, lets have a look at Federal Consolidation Loan Program. This program is designed to help students to get rid of their loan debt. Several loans are consolidated into one single loan which is in fact called Federal Consolidation Loan. Hence it will help students to consolidate all their loans into one single loan.

First step while consolidating student loans is to choose as what loans need to be consolidate. It is not a condition to consolidate all loans. Some students prefer not to include Perkin Loans.  So choose the best suited loans to consolidate.

Second step is to apply for federal consolidation loan. For this your loans must be in grace period.

Negotiate with the lender to get best suited monthly installment, interest rate etc.

As soon as its cleared from your lender, you are done with that.