Until we notify you that your loans are consolidated, you’ll need to continue making payments on all your separate loans.
When you consolidate multiple student loans or refinance a single student loan, you may receive a lower monthly payment with a reduced interest rate or an extended repayment term.
Keep in mind that extending your repayment term may increase the amount of interest you pay over the life of the loan.
Your interest rate options will be presented to you during the application process, at which point you can choose between a specific variable interest rate and specific fixed interest rate.
Once you apply, a private student consolidation loan application usually takes 45 – 60 days to process.
A cosigner may be released from the loan if the student borrower is a U. citizen and contacts Wells Fargo to request release of the cosigner.
Wells Fargo will evaluate credit and income factors to determine the student borrower’s ability to take full responsibility for repaying the loan.
Get started by checking your rates online in just two minutes. Whether you’re looking to refinance federal student loans, pay off loans sooner, or get a lower monthly payment (maybe all three), we offer a range of rates and terms.
You've invested in an education you’re proud of, and now you need a repayment plan that works for you.
If financial hardship makes it difficult to remain current on the loan payments, we encourage you to talk to us to see what options are available.