Having an education is a right, but sometimes after high school we would think twice if higher education is an option because of its cost. The US Department of Education offers financial aid to students who cannot afford an education due to low income. There are also pupil loans that can be obtained so that one can get the degree that they desire. With an education, young individuals are going to be more knowledgeable and become productive citizens. With higher education, they can get a degree in medicine or law that would greatly benefit them in the years to come.Getting a pupil loan is similar to a personal loan. Both are somewhat the same. The interest rate is dependent on the current prime interest rate and of course, credit history is also very important. Having a good credit score will increase your chances of getting approved and you can have lower interest rates. However, if some students have little or no credit history, their interest rate is usually the prime rate. It is quite tough to study and to take care of a loan at the same time. So pupil loan payments are often on a sliding time scale or are deferred for a number of years. This will give them the opportunity to have their career without the headache of loan payments or at least until they graduate.Sometimes, students will face heavy debts and this can be an annoying financial load. So there are pupil loan consolidation programs that they can avail of to help them with their debts. Go to a lender that can provide the appropriate program for you. Another option is to go to a bank and see if they offer better rates. Check online for their prime rates. The federal government offers better interest compared to private institutions. However, if the student loans that you currently have are federal then it follows that the consolidation program has to be federal too. That goes the same if you have a student loan that is private funding. Shop around for the best interest rates. Finding the right pupil loans or consolidation programs is just a matter of research.