When ever you are thinking of opting for student loan consolidation, it is really essential for you to know where in you are getting into. Of course when ever it comes to fiscal related decisions, you have to do complete home work prior signing on to the agreement. It is really not difficult to consolidate the student loan but surely you need to know some basics rules and regulations that are significant for managing your consolidation process. Below some standard rules and regulations have been listed concerning the student loan consolidation. Try your best to understand every single rule prior going for the consolidation.The process for incurring a student loan consolidation is completely free of cost. Keep this thing in mind that if any lender is asking you to pay the consolidation fee then the lender is surely a scam or a cheater. These type credit repair s of scams are quite common all over the world.Can only Consolidate Student Loans in Your own NameThis regulation is compulsory for everyone. In case the student’s parent name or spouse name is written over the loan agreement then it is possible that they can consolidate your loan. The only problem is that your spouse or parents are not allowed to blend all the loans into one single consolidation loan. They have to be separate completely. The same applies in the case of married students as per the 2006 act.Consolidate While in School- Not PossibleYou are allowed to consolidate student loan only and only when the loan has entered into its grace period that is 6 months after the completion of your graduation or you have dropped from the school. Another option to opt for student loan consolidation program is when you have started repaying the loan.