While searching for student loan consolidation, the most important factor that will drive you is the interest rate. In this case, you must always go for a fixed rate. Choosing a variable interest rate is tough because the amount may always vary based on market index.
The repayment span is also an important consideration. If you can clear off your loan amount in the least possible time, you are sure to fetch yourself the best interest rate as well as highest savings. To get things move in a fast pace, you may opt for an online student loan consolidation program.

You will have to approach one of the moneylenders. Please go through all the terms and conditions (the fine print) before applying. If you are not satisfied, you can opt for another. Once you get a package that best suits you, apply for it. The documentation is minimal and you are required to fax in the papers. Once the loan is approved, you get the money to your checking account.

Prior to granting the loan, the moneylender will check out with your parents and guardians too and take their income into consideration as well. So please inform them in advance before you apply. If you are doing a part-time job, it is also considered. The best thing is that, students often get a grace period so that they can arrange a job for themselves before they can repay.