Having multiple student loans can make it hard to retire your debt. Sometimes consolidating your loans can help to substantially reduce your costs. You can lock in very low rates at this point, so don't wait too long. You have to qualify for Federal loan consolidation by being in your grace period or in 'repayment.' There are also other specific criteria that need to be met for specific loan types. Next Student appears to make the process fairly painless, so this is a good company to check out if you're thinking of consolidating your loans. Be sure to check out the current interest rates that are available under financial aid tools. Simply click on the image to your left and you will be taken to their website.