Much of the dollars available for student aid is provided through federal student aid programs through grants, loans, or work studies. These student loans such as the Stafford are backed by the federal government keeping the Stafford student loan consolidation interest rates low to help students repay there debts. Many times students are faced with multiple Stafford loans that are due for repayment and consolidation of these fixed-rate loans into one new low interest loan can be an option for…