CEDAR EDUCATION CONSOLIDATION REVIEW The purpose of consolidation loans is to absorb multiple loans under the single and unified umbrella of one loan. The greatest benefit of consolidating is in the aggregation of multiple monthly payments into a single monthly payment. There is no guarantee that consolidating multiple loans into a single loan will bring down the interest payment, or safe the borrower money in the long haul, but because the old terms in all the old loans are reset, all of this becomes negotiable under the controlling terms of the new consolidated loan. […]