Here’s another neat thing for your pocketbook. Schooling is expensive, and often people find themselves with a myriad of student loans once they graduate. With today’s job market, it can be difficult to find a position in your field right away, and then you are looking at default. It’s a double whammy, because employers frequently run a credit check before they offer you a position. It’s a catch-22. Student loan consolidation can be a viable way to reduce your payments and maintain your credit. If you have debt, figuring out a way to pay it off while managing to have enough money left to eat is one of the neatest things you can do for yourself.