If you know the benefits of college loan consolidation than you should know it can save you thousands of dollars each year which is money you could have saved to pay for your education of even a much needed holiday.

To understand how loan consolidation works is very simple. When you consolidate something it means to unite into one system or combining. So when you consolidate a college loan it means that you put all your current loans and unite them into one loan.

How College Loan Consolidation Works

Suppose you have a college loan with lender 1 and you