There are many options out there these days for helping families pay for debt from a student who just came out of college and has a lot of loans to pay off. One option that seems to help people a lot is to consolidate federal student loans. With this option, families can bring all of their loans to pay off and put them in one and make just one payment a month. It also stretches the payment period from 10 years to up to 30 years. If I were someone looking to ease my payments for student loans I would definitely look into this option.