1. The rate for student loan consolidation will depend on customer's credit and financial state of affairs. Do a complete research and development on the rebates offered by different lenders and see which one is the lowest.
2. Go for the lender who has multiple and flexible repayment options.
3. Your lender must keep the rate fixed through out the life of the student loan. Search online and compare different type of rates offered by different lenders.
4. With a student loan consolidation, look up for the facility of increment in tenure at a later stage of the loan. Check whether the bank has such scheme or not. With loan consolidation, you can actually low down the installment amount by increasing the life of the loan.
5. If there is an "in school" facility available. If so, get your loan rate freezed while you are in school only.
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