Why You Want to Consolidate Student Loans Why You Want to Consolidate Student Loans The Advantages of Consolidating Student Loans Into One Account: Being a college student is not simple at all. Between tuition, books, and living expenses, there are many times when money is so scarce that one can barely make ends meet. Keeping up with debt payments appear virtually hopeless. If you are a student who is suffering trouble handling all your debt, consolidation of your student loans may help you better manage your accounts. When you consolidate your college loans, you save a lot of time and effort when it amounts to regaining control of your personal finances. By paying a single loan instead of multiple loans with different expected dates and payment rates, you quite possibly could reduce confusion and delays in your payments.