We have so many forms of loans that finances college student. The loan is one form of personal and there are federal student loans and a combination of both.
If a student has several different loans with various problems it tends to seek a federal loan student loan consolidation. These loans form separate from other loans.
If you want to intend to borrow, then the first is to avoid private loans to find as many sources to obtain a federal student loan consolidation offers. These loans have many advantages compared with other private loans.
Federal loan student loan consolidation is deductible on interest rates, which is not achieved by the private loans. If you intend to back to school you can defer payments cannot offer personal loans. For the particular loan you can even be forgiven and the loan is not to offer private student loans.
While private loans are loans that you get from standard institutions. Like most other loans these loans can be secure or insecure. As lending standards you must show proof of collateral such as houses, vehicles or other valuables if you can not repay your loan. Not safe depends on your credit history.
That is why most students want a federal loan because private loans do not offer a tax break.
If you consolidate your loans you need to separate personal loans federal loan consolidation with consolidation. Thus you get really benefits the government offers leniency to reduce the total payment as much as possible.