For most people, university is a completely new arena. This, of course, applies to the social aspects of college life, as well as the economic status needed by advanced studies. It remains a fact that university can be very expensive, sending a number of scholars and parents into debt. If you are one of those students or parent who is trying to get the monthly payment obligations under control, then a student loan consolidation service is the place you need to begin.If you have several loans, then a student loan consolidation service will have the tools to get your finances under control. You will derive benefits of lower monthly installments, maybe lower interest rates and probably an extended term of payment to ease the monthly commitment for your education debt.What you do not want to happen is to allow your obligation to go into default. You want to try not to neglect you obligation to your lender. It will take a lot to get there, but it can happen. We all know how bad this can be for our credit rating for future borrowing opportunities.After attending college, most students find themselves struggling to meet the monthly payment obligations. Comparing their monthly installments with the total amount due, it is clear that they are buried up to their neck in debt for education financing. So they begin to rethink their decision to attend college at that level of expense. But in the long run education is not cheap, and it’s just a matter of finding a way to meet this obligation, and a student loan consolidation service may be the only option.During his post-graduate studies, one of my friends used a couple of deferments to ease the rough patches. In so doing he racked up his debt and almost could not believe the debt he was carrying at the end of his studies. There were 5 obligations that added up very quickly to make up the payment that was required every month. After studying, he simply use a student loan consolidation service to reduced his payment to about 70% of what the original cumulative amount was. So instead of finding 400 dollars each month, he only had to pay about 275 dollars per month and take care of all his monthly obligation. They best part was, he was able to pay additional funds and apply it directly to the principle of the loanIf a particular university is very costly for your finances, deeply think about a more inexpensive university. Because at the end of it, you are the one who have to meet the payment obligation. You may wish for the most excellent school, but if your finances dictate that another university is more appropriate for you, then the defining factor is finance.During college, many students apply for part time jobs to help them through college. It has been shown that 7 out of every 12 students maintain several occupations concurrently with their college education. There are many jobs on a campus or within the radius of the university. Some actually pay so well that some students have been able to meet all of their education cost by working while studying.The idea is not to ratchet up too much debt that becomes unmanageable. In the end, if you do think that you need that all too expensive education, then start working out a financing plan to include consolidation at the end of your studies. Start researching student loan consolidation service providers as part of your financial planning, you will be happy you did.