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Student loan debt consolidation is a method that enables a student to combine all his loan debts into a single loan, with one 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 Wellness and Human Services, and private student loans are administered by the non-federal organizations and other private lenders.

Student loan debt contains all kinds of educational expenditures incurred by a student to total his scientific studies. Most students leave college with significant 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 created with one monthly payment stretching over a period of time. However, consolidation rules and regulations are different for federal student loans and private student loans.

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