It is not entirely unusual for most people to be having some problems with their loan debts. People will do just about anything to have a good education and that includes getting student loans from different lenders. As soon as students are about to finish and leave college, one big thing that they will have to think about and consider is a student loan debt consolidation.When you consolidate your loans, you will be merging all your student loans into 1 single student loan with just 1 lender and 1 repayment plan thus reducing the stress and pressure of paying off more than 1 lender every month. With consolidation, you only have 1 loan to pay on to.And you always have to think twice before you decide on getting your loans consolidated or not. So here is an overview of the positive and negative side of student loan debt consolidation:One of the pros when consolidating college loans is that it usually helps in reducing your monthly payments especially if you go with the best deal of loan consolidation. Not only that, you are also able to lessen your interest rate thus saving you thousands of dollars over time. Now, the loan consolidation is also beneficial especially if you have lots of loans that you need to deal with. With just 1 consolidated loan, you can significantly save some money and will not be a hindrance to your financial future plans.When you consolidate your loans, you will definitely have a better organization of your financial status. You know that it is extremely difficult to keep up with the monthly payments you have to make to different lenders because of the long list of loans you have acquired throughout your college education. On the other hand, if you consolidate all your loans into 1 instead of confusing yourself with the many different loans you have to pay off, you will only have to remember just 1 payment with 1 lender.While you may be lured to consolidate your student loans right away due to the pros but there are also some facts you have to consider before you make a big decision. Remember that when you consolidate, that would be final. You only get to consolidate once unless you go back to school and acquire new student loans. You are able to reconsolidate just once when you are to consolidate 2 consolidated loans together or have another loan added to the consolidation.