I have student loans through Sallie Mae and Sallie Mae breaks them into multiple accounts whenever you repackage your loan. At the school I attended it was every quarter, so I have roughly 15 accounts showing on my credit report. I am in the process of reviewing some consolidation loans, however my concern is will this hurt my credit even more by paying the 15 loans and then having one open for the total amount or will this help my credit? I believe that having that many open accounts is hurting me but before I move forward I'd like to make sure that the consolidation won't make matters worse. Any advice or suggestions are welcome.