A student loan consolidation program has many benefits. It is easier to manage. Students with multiple loans have to make multiple payments. That means more paperwork and in the disorganization more chances of payments being left out. A Government Student Loan Consolidation helps by streamlining the entire process. If a student has to pay three loans it is always easier to one consolidated loan and cut down on the hassles. Maximum repayment periods for consolidated loans vary from 10 to 30 years depending on how much is owed. The cost of the monthly payments depends on the repayment period, total loan amount, and interest rate.