If you are over your head in student loans and college debt, a school loan consolidation may be just what you need. With the prices of going to college constantly going up, most students have no other option but than to take out student loans, and over the years you spend in college, these loans can start racking up. Although you don’t have to pay them back while you are still going to school, once you graduate, suddenly you are left with a whole pile of loans that you owe from your college days.So, you may be wondering what you can do about all of these loans that you have hanging over your head. Well, the best option for you is going to be to find a good school loan consolidation option that will offer you the ability to pay off your college debt in a way that you can handle more easily. Dealing with all those payments can be a huge hassle, but when you consolidate the loans that you have, you will only need to worry about paying one payment each month. Frequently you can even find a good consolidation loan that will offer you a much lower interest rate as well, so this will help you to save money too.Unfortunately, instead of going with a school loan consolidation, some graduates decide to take out a personal loan to try to consolidate all of their student loans from college. This is really not a great option, since consolidation loans from a good consolidation company have so much more to offer new graduates. Often personal loans have much higher interest rates, especially if you have not established any credit yet. You may even have to get a parent to cosign the loan for you as well. You have enough headaches with your recent graduation, finding a job, and getting started in the world, and having a huge pile of student debt hanging over your head is one headache that you can do without.However, when you decide to go with a school loan consolidation, you’ll almost certainly be able to get the program you need, even if you haven’t already established any credit while you were going to college. Since it is different from a traditional personal loan, you’ll also have better access to low interest rates, which are important as well. Also, there are more options when you go with a school consolidation loan. Many consolidation loans will allow you to defer your payments for five to six months after graduation and if you go back to school you can defer payments again. You won’t find these options when you go with personal loans, and this is a much better option than filing for bankruptcy, which is a really bad way to start your new life after graduation.So, if you have just graduated and you’re really feeling overwhelmed with all the loans that you have hanging over your head, it’s time to consider a school loan consolidation. You’ll be able to find a loan that will work with your specific needs so you can get started in life with only one loan to worry about paying each month.