College is not just about studying and graduating, it is also about investing in the future. But the problem is that the investment is extremely large, and usually only possible with financial help. And since most students are bad credit borrowers, the challenge of getting private student loans with bad credit exists.The good news is that most lenders are more open to granting private loans to students because it is understood that the borrower is set to drastically improve their financial situation in the future. But while approval is more likely so too is the risk of taking on too much debt over time.For tens of thousands of students, graduation means D-Day in facing the obligation of repaying college debts. But with most graduates accruing as much as $30,000 in college loans, finding a manageable way to repay them becomes important. A consolidation loan is usually the best option.How Can Consolidation Benefit Me?It is a welcome fact that getting private student loans with bad credit is not very difficult, but there are consequences to enjoying such availability. For a start, the financial pressure that college students face means that loans are frequently needed. So, when the time comes to begin repayments, the pressure is extreme. But the real pressure is not necessarily repaying college debt; it is the number of loans involved. Most college-goers take on as many as 5 loans, each of which can have different interest rates and different repayment dates. This means that borrowers rarely get a break and face a complex repayment schedule.A consolidation loan is used to buy out all of the student loans, ensuring those obligations are met and that they are replaced by a single debt with a single interest rate. The repayment schedule also means that everything is kept simple and manageable,Terms To ExpectSo, what terms can be expected when opting to take on a consolidation program? Well, one of the attractions when seeking a private student loan with bad credit is that repayments are structured to begin after graduation. Consolidation programs do not offer that kind of delay, but does offer a longer repayment term.The great advantage with this option is that the size of the monthly repayments is kept low, and therefore much more affordable. While individual loans might come with terms as long as 5 or 10 years, a consolidation loan can come with a term of 30 years. So, the repayment sum is truly affordable.Other terms to expect include a better interest rate. On the surface, it might look higher, but when compared to the total sum paid over the 4 or 5 student loans, it is much less. Therefore, repaying college debts without consolidation actually saves money.Considering A Consolidation ProgramQualifying to join a consolidation program is much the same as it would be to get most other loan types. While getting a private student loan with bad credit does not require a source of income (until actual graduation), applicants for consolidation need to have a proven source of income.Also, there is no need to prove difficulty in repaying college debt in order to secure the loan – as is the case when seeking financial aid from federal sources. Lenders that offer consolidation loans to graduates consider the loan deal as normal product and with the benefits on offer, the ability to repay is pretty clear.