Essentially, student loan consolidation is regarded as a tool for managing one or more debt. In addition this loan permits you, as a student, to merge your private or federal student loans into one mortgage with certain extended loan terms and conditions, which later will reduce your monthly payment.
For students in the United States, student loans are divided into two categories and they are:
a. Private Student Loans and
b. Federal Student Loans
Click here to know more about these student loans and their specific features.