We all hear about these student loans consolidation programs, but why are so many students so drawn to it? Simply put, graduating students will be filled with debt after graduation and so the only solution is to consolidate it all. Student loans are usually quite easy to come by and they can be found at very competitive interest rates, but the most difficult part is trying to pay it off once you graduate. For this reason, many students will find that they are in a lot of debt once they graduate and they’ll even have a hard time making their monthly loan payments.People typically will have a hard time paying back their student loans primarily because they did not calculate the interest rates that they will incur and have not secured a good paying job once they graduate. It can be quite difficult to make the monthly student loan payment since there are also many other things that the student has to take care of such as auto loans and housing cost. These debt will soon take their toll and an unprepared person will find themselves in a tough financial situation. Getting a loan consolidation would probably be the only way for these graduates to get their lives back on track. These loan consolidation are often the one thing that saves students from their financial troubles.Frankly, there really is no reason why you wouldn’t want to consolidate your student loans if you are barely able to make your monthly student loan payments. By getting your student loan consolidated, you can avoid having a bad credit record because of your inability to make your monthly debt payment on time. Your monthly payments will be significantly be reduced and so you’ll have much more leftover at the end of each month. Furthermore, these loans consolidation programs can give your credit counseling advice.All of your remaining student debts will be paid off in full by the loan consolidation companies. This means that the student will no longer owe any of their current lenders, but instead will only owe money to the loan consolidation company. The amount of time that you have to pay off the consolidated loan is between 5-30 years. For this reason, their monthly payment will be reduced significantly, enabling them to be able to make their monthly payments easily.Usually these loan consolidation companies are very easy to apply for and all that they usually ask of you is that you have a steady paying job. Try to apply for these loan consolidation before you graduate. This will lessen the financial burden on you after you graduate.