Large numbers of college students make that common mistake each year of signing up for as many credit cards as possible. There are always a bunch of card reps outside college games and other large events offering free tee shirts, water bottles, hats, gift certificates and more in exchange for a signature on a credit application.Of course, once the credit cards start to arrive, they’ll be using them to finance a lifestyle that they aren’t even close to being able to afford. And even before they know it, they will owe thousands of dollars of debts and their minimum payments will just cover the interest fees.Many students will be looking for a college consolidation debt loan before they’re even ready to graduate. At least this way, their debt will be manageable before they really move on into the outside world.The right credit counselor can point a student in the right direction and help him find the best debt consolidation company. A good company can offer many solutions to manage the debt and get the payment back on track, where it’s affordable and matches the capabilities of the student. Many students will decide not to go to a debt consolidation company and instead, choose the “do it yourself” route. There are many good guides available for this but the students have to be really strong willed and consistent without that credit counselor to guide them. If the student chooses to go the debt consolidation agency route, they need to check out the company completely.Find out how long they have been in business and if they have references. It’s also a good idea to check with the Better Business Bureau in the area to see if there are any complaints against the company. In many cases a college consolidation debt loan makes the difference between a student ready to take on the world, and one that’s already worn out by the system before they even start their new life.