Several years and student loans later, you have finally finished college and are ready to get a real job. There is only one big problem and that is the fact that you have to pay all those student loans back. If you are like most former students, you have more than one or two student loans and paying on each of them individually can be expensive. Student loan consolidation is an option for you to consider. What is student loan consolidation? It is when you take all your student loans and combine them into one loan. There are some definite advantages to doing this. The main one is that instead of having several payments, you will only have one and it will be lower than the combined amount of the others. Another advantage that you may not realize is that the interest rate is likely to be lower. When you consolidate, you will also have the opportunity to pay the loans back over an extended period of time. You will not be charged a fee when you choose Student Loan Consolidation.