Why would banks help you consolidate your debts?
They help you because they add you as a big customer, by helping you consolidate your debts they know that you are probably also gonna do more transaction at their bank, such as mortgage and insurance. For the student it is good to discuss their student loan consolidation debt with multiple banks and other providers of student loans. Remember that you are in a strong position because this is a great financial service to them, not only to you. So you could make a deal to lower to student loan consolidation debt in return for your services at their bank, like I mentioned earlier. So in this way student loan consolidation can have a big advantage if you do everything right.
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