A quick bit of information about College Debt – College Debt Consolidation is the process of joining all finacial loans into one. To achieve this, a consolidating lender will purchase the different loans from the other lenders which generally involves the lender paying the remaining amount from the previous lenders. Moving all loans into one creates a yellow brick road to paying off any college debt, by moving all loans into one consolidated debt- you know exactly how much is owed with one clear figure to work on instead of mulitples.