Are you one of the millions of people in the US who is struggling to pay their student loans back in time? Do you not have enough time to study for your exams, regularly go to classes, have a social life and even work while you are doing this? This is something a lot of people are struggling with, especially those who have gotten a loan for their student payments. Even after graduation, it is not guaranteed that you are going to find a suitable and financially satisfying job which is going to allow you to repay your debt and, at the same time start building up money for your life. What a lot of people decide to do is get student loan consolidation. What this means is that all of your either federal or private loans are going to be combined into one bigger loan, so you could easily pay in each month. This also means that you are going to pay a smaller amount each month, but for a longer period of time.