Having left university and amassed a number of loans, students often need help with managing their loan repayments and this is where a student loans consolidation service can come in very handy. If your loans are solely federal loans then it is often best to take advantage of the government student loans consolidation program but, if you have a number of private loans then you will need to look elsewhere for consolidation. A student loans consolidation service can help you to roll all of your existing loans into one single loan making your debt much easier to manage and also often reducing your monthly payments and thus freeing up money to meet such things as rent, food and other expenses. They can also often help to lock you into a lower interest rate giving you the ability to plan your repayments better.