Once you graduate and you failed to face your student debts, you might find yourself unable to avail of your license there are degrees wherein the licenses can be withheld until you settle your responsibilities. Likewise, if you decide to go on a business and you need to deal with government agreements and contracts, you might actually be excluded in such deals if you are found to have unsettled college debts.
Such consequences of not being responsible with your debt can be so burdensome and really debilitating. That is why avoiding your multiple private college loans can prove to be disastrous to your financial standing. Simply put, loans should never be avoided and instead must be taken care of. You can better handle your debt situation if you decide to consolidate private student loans to obtain a clean credit score and decent financial status in general.