Consolidating my college loans
(A 20-year repayment term is available when the consolidation loan amount is ,000 or more) Variable interest rates are based on an Index, plus a margin.
The APR for a variable rate loan may increase during the life of the loan if the index increases. Rates are current as of 07/24/2019 and subject to change without notice.
Discounts reduce the amount of interest you pay over the life of the loan.
The automatic payment discount may not change your monthly payment amount but may reduce the number of payments or reduce the amount of your final payment. Variable interest rates are based on market conditions, so if market rates go up or down, so may your interest rate and monthly payments.
Fixed interest rates stay the same over the life of the loan. They can answer questions and help guide you through the process.
Designed to help you understand how consolidation will affect each of your loans, our detailed loan review process will provide you with the in-depth information you need in order to make an informed decision about which loans you want to consolidate and which loans you may want to leave out.
You’ll receive a final loan disclosure once all documents are signed.
Keep in mind that your actual interest rate may vary as it will be determined by several factors when you apply.
These factors include the repayment term selected and the credit qualifications of you, and your cosigner, if applicable.
The borrower and the cosigner (if applicable) 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 about your payment options.Once your loan is finalized, we'll pay off the loans you’ve included in your consolidation and those loans will make up one new loan with one monthly payment to Wells Fargo.