You could consolidate all the federal loans into noe and if you have more than one private loan combine them into one. This would make it a little easier for you to track and pay only two loan payments.

Many companies will do this, you could try Student Loan Advisors at http://www.studentLoanAdvisors.com and do both consolidations at the same time.

But currently, I don’t think, you’ll be able to put private loans together with federal loans.

There are many advantages in taking student loan consolidation. As the new loan is essentially availed at lower interest rate as compared to the average of interest rates on previous loans, student saves a lot of money in paying interest. While so far student was paying loan installments to different lenders, now he pays installments to just one lender.

There are many payment plans available to a student in repaying student loan consolidation. These repayment plans include standard payment of set monthly payments; graduated payment plan involving low monthly payments initially that gradually increases; variable plan that adjusts amount of payments as per changes in your income and expenses and extended payment plan allowing you to extend the loan pay off period and reduces monthly payments.