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Student loan debt consolidation is a method that allows a student to combine all his loan debts into a single loan, with a single monthly payment. Student loans are classified into federal student loans and private student loans. Federal student loans are issued by the US Department of Education as well as the Department of Health and Human Services, and private student loans are administered by the non-federal organizations and other private lenders.

Student loan debt includes all sorts of educational costs incurred by a student to complete his studies. Most students leave college with huge debts. In student loan debt consolidation, the existing loan is paid off either by the US Department of Education or other private and non-federal organizations, based upon the nature of the loans. A new loan is produced with one monthly payment stretching more than a period of time. Even so, consolidation guidelines and regulations are different for federal student loans and private student loans.

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