College, with all the school work and activities, is definitely a stressful stage in the life of a student. Such situation is aggravated when he is beset with serious financial problems like school loans. The stress and tension created by the existence of onus of loan repayment is more often than not overwhelming for many students that mismanagement and neglect of payment responsibilities are committed even if unintentionally. The good news is that financial stress brought about by loans can be alleviated when one avails of college loan consolidation. A competent and reliable school debt consolidation program affords the student borrower the opportunity to deal with his responsibilities as far as his debt obligations are concerned. When one refinances his student loans, he is presented with a brand new repayment program, one that helps the student meet his responsibility easier. However, there are cases when despite refinancing his student loan, the borrower still encounters problems in the repayment of his loan. Borrowers should be reminded that defaulting must not be committed if possible. One negative effect of default is that the credit of the borrowers will be adversely affected. Indeed, non-payment of monthly college loan dues can be a cause to obtain bad credit standing. If debt repayment stays as a financial problem to the borrower, in spite of school loan consolidation, the next best move that he can do is to obtain the advice of a professional lending adviser …