One way of getting out of debt especially when you have many different loans is to consolidate them. This would work well especially when you have just completed your course and think of ways to repay your debt. When you go for the private student loan consolidation option, you simply reduce your numerous payments into one. This is a convenient way to deal with your debt even though you may end up paying higher interest rates since you will repay in a longer period of time.However, this does not mean that you cannot secure lower interest rates. You can achieve this by repaying your loan immediately after you graduate or during the grace period. However, you cannot get lower interest rates than those offered by federal loan consolidation program. There are various private student loans consolidation programs that are offered by lending institutions that have different interest rates and variable application requirements.It is important that you look into these different offers so that you can be in a position to select the option that suits you best. For you to be approved for this type of program, the lenders base their decision on your credit score. It is vital that you have your credit report ready when you applying for this type of consolidation. You can access your credit report online or even consumer reporting companies. A co-signer could be needed if your credit report is unsatisfactory.Some loan consolidators offer fixed interest rates while others with fluctuations. Ensure that you select the type that will help you achieve debt relief without too many problems. The most popular companies that deal with private student loan consolidation are City Students loans and Well Fargo Private Consolidation loan. They can guide you through the entire process and advice you accordingly.