Are you sinking in debt? How many loans have you taken out? Are you passing your nights restlessly in fear of bankruptcy? If your answer is yes, then this article is for you. The good news is that your condition may not be so serious. If you are struggling with paying off some of your debts, then debt consolidation may provide your rescue. Among the entire gamut of loans, the debt consolidation government loan is best. Let us see why.What is debt consolidation? Let me explain. Suppose you have taken out several loans such as a student loan, medical loans and/or some credit card loans. You have these loans from many financial institutions such as banks, private financing agencies, or even from some private individual. You may have also taken out some government loans. You are responsible to make instalment payments on all of these loans, with different interest rates, and you make your payments on different dates and to different places. Imagine your condition here. How can you effectively manage all this? This is the condition under which a government loan can help you.What are debt consolidation government loans? These are loans that the government offers to individuals who are overwhelmed with a variety. You obtain these consolidation loans through various government agencies. After consolidating your debt, you make instalment payments only for this single loan instead of for all the loans you previously had. You also benefit from lower interest rates if you get it. By a secured loan, I mean that you get by placing some of your movable or immovable property with the lending government agency as a security for it.Which programs will help you secure the consolidation government loan?Many programs are available to consumers. For example, if you are a student, then the Department of Education can help you get a debt consolidation loan as a part of Direct Consolidation Loan Program (DCLP). This government agency issues you a new loan for the consolidated amount of all your old loans such as student, medical or credit card loans. Now you have to pay a minimum amount in your single monthly installment, and you can concentrate more on your studies.Other programs that facilitate the debt consolidation government loans are Federal Family Education Loan Programs and Direct Loan Programs. These programs consolidate your debts under the Higher Education Act (HEA). All of these programs help you to take a single government loan at a lower interest rate and for an extended term. There are no hidden costs and complicated T&Cs, such as happen with some less-reputable financial agencies. The monthly installment to repay this debt consolidation government loan is relatively small so that it puts less of a burden on your pocket, which is easier on your mind.Caution: You should not agree with any unfamiliar financial agency. I will emphasize again that the debt consolidation government loan is the best.