There are few things which do affect the students loan consolidation approach .The most important is the student loan consolidation rates. Other things may include timings, loans terms and conditions, borrower credit history etc. 

        Among these factors most important are student loan consolidation interest rate and the lender. Therefore, it’s very important to choose the right lender and the right interest rate. So, before going for student loan consolidation a student should compare all the interest rates and terms of the lenders who are willing to lend the student. In my opinion while comparing the loan option a student should first look for the interest rate comparison which is the most important thing. Second thing is of terms of the lenders .Third thing is the credibility of the lender. A student should also look for the payment schedule.

         So as far as student loan consolidation rates are concerned they varies from lender to lender.Some claims as less as 3% some claim more.But whatever the case may be one need to analyze each with great details. Its possible that they maybe presenting low student loan consolidation rate but there may be some hidden charges or great penalties in case of installment delay or there may be few things which may be termed as one time charges which other may not be taking. Similarly processing charges may vary.