| There are quite a number of people involved in | | | | necessary to think of consolidating student loans |
| consolidating student loans. This is very important as | | | | offers. Another set of people that are involved in |
| far as student financial aid is concerned. There are | | | | student debt are parents. Parents are most times |
| also several processes involved in processing the loan | | | | directly involved in acquiring student financial aid for |
| payments for students, this is what usually | | | | their children. While wanting them to get ahead they |
| determines if a loan may become consolidated or not. | | | | may forget about the financial consequences. |
| The people that will be involved in this process are | | | | The parents are usually responsible for all the |
| dependent on the kind of student financial aid that | | | | repayments of this kind of loan. Usually, whenever a |
| will be received. For federal financial aid to students, it | | | | consideration for consolidating this kind of debt, the |
| may only be the student and school officials that | | | | parents are usually responsible. This is most common |
| may be involved. | | | | to federal student debt to parents. There is usually |
| These kinds of loans are usually straight forward, | | | | no grace period for this kind of loan, and repayments |
| because the school authorities do all the processing | | | | usually start immediately after disbursements are |
| and if all the requirements are met, the loan is | | | | made. Officials of the Department of Education are |
| disbursed to the student. The school officials usually | | | | also involved in this process of consolidating student |
| make recommendations whether it may be | | | | loans especially for federal student loans. |