Cost of consolidating student loans
But unlike the federal government, they can consolidate both federal and private 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.
Variable interest rates are based on market conditions, so if market rates go up, so do your interest rate and monthly payments.
Fixed interest rates stay the same over the life of the loan. Your interest rate will be determined by several factors when you apply, most importantly your credit history and that of your cosigner, if applicable.
Wells Fargo reserves the right to change rates, terms, and fees at any time.
Your actual APR will depend upon your credit transaction and credit history, and will be determined when a credit decision is made.The borrower and the cosigner share responsibility for ensuring that the loan is repaid.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.Rates are typically higher without a cosigner; however, borrowers that meet these requirements on their own do not need a cosigner (but may still choose to apply with a cosigner).Any adult who meets the credit and citizenship requirements can be a cosigner for a private student loan. national, or is a permanent resident alien with proper evidence of eligibility, and contacts Wells Fargo to request release of the cosigner.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.Tags: Adult Dating, affair dating, sex dating