Consolidating student loans hurt

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Invest wisely in your education, and those loans should pay off in the form of higher income over time.But if you mismanage student loan debt, your credit score could suffer—and that could have a big impact on your financial future. Do I need a good credit score to take out a student loan?Furthermore, student loans are often the first major debt young adults take on.

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Both federal and private lenders recognize that lower monthly payments help may be the best option, if you don’t get the job you want immediately after graduating from colleges.

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Even when you are applying through the same lender, you are basically taking out a new loan each semester or year.

Each of those loans is a separate account, so it is standard practice for students to have multiple loans reported in their history.

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