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