Is Student Loan Consolidation Good? Is Student Loan Consolidation Good? Consolidating your student loan(s) is one of the smartest things that you can do. You should consider a student consolidation loan if you have several federal student loans or even just one large one. No-cost Student Loan Consolidation No-cost Student Loan Consolidation. A no-cost student loan consolidation – doesn’t that just sound too good to be true? Think about it. You have just accrued thousands of dollars in debt through student loans after 4 years of college, or possibly even more. Student Loan Consolidation Student Loan Consolidation. Student loan consolidation is one of the most used methods for reducing and working off student debt. If you want to consolidate debt, whether it’s a student loan debt or not, you have to follow a certain process. Student Loan Consolidation – How Does It Work? Student Loan Consolidation – How Does It Work? Student loans are a great source of financial aid for students who need help paying for their education. Unfortunately, students often leave college with burdensome debt. In addition, they often have multiple loans from different lenders, meaning they are writing more than one loan repayment check each month. The solution to this problem is loan consolidation. Now Is the Right Time to Consolidate Student Loans Student loan consolidation is an easy way to combine all your student loans into one. Keep reading for information on consolidating your student loans today.