If you are one of the many people still paying for your schooling, have you considered student loan consolidation? There are many reasons to consolidate your debts and loans from school. First of all, making multiple loan payments every month can be frustrating. Not only that, but it is easy to miss or make a late payment, which can seriously damage your credit. Finally, when you have numerous loans to keep track of, it is nearly impossible to make sure you are getting the best available interest rates on your loans.