Wells fargo consolidating private student loans
There are two discounts for which you may qualify, one for authorizing automatic payment from a checking or savings account and another for existing Wells Fargo customers (called the relationship discount).Amount totals eligible for consolidation with Wells Fargo range from ,000 to 0,000.If you’d like to see a standard example of how a private lender handles student loan consolidation, you can visit Wells Fargo’s page.
For example, the guide briefly discusses how to work loan forgiveness into your consolidation plan, which presents an interesting avenue for erasing debt.
This article contains references to products from one or more of our advertisers.
Whether you’re applying for your undergraduate degree, going to graduate school or planning on attending community college, the course fees all add up and few students can get through college without some kind of loan.
Wells Fargo, one of the biggest names in banking to offer private student loans, allows borrowing up to the full cost of studying (minus other financial aid).
With such a wide range of interest rates – and the thousands of dollars that will have to be repaid in interest over the length of the course plus the standard 15-year loan term – it makes sense to find ways to cut costs on your loan.
Make sure you compare your options – we recommend Credible for student loan shopping because you can compare up to eight lenders at once, in just minutes.
The concept of student loan consolidation is simple: you apply for one large loan which will be used to pay off all your existing student loans.
That single loan will be easier to manage, because you’ll only make one monthly payment, and because it has a longer term than your old loans that payment will be smaller than the sum of your current payments.
We may receive compensation when you click on links to those products.