Student Consolidation Loans are for students who have graduated from college. After graduation, lenders expect graduates to start repaying their student loans. To make repaying their student loans easier and cheaper, some students choose to consolidate their student loan debt. By consolidating their student loans, graduates only have to worry about paying one lender instead of several. In addition, consolidating their student loans can save them money because the interest rate on their student consolidation loan may be lower than the interest rates on their current student loans. To see if a student consolidation loan will save you money, read our Student Loan Consolidation Guide.