student loan is subject to completion of a loan application/consumer credit agreement, verification of application information, credit qualification, and a benefit to borrower determination.Federal student loans cannot be consolidated into a Interest Rate Discounts: Discount eligible during application: You may qualify for a relationship interest rate discount if you or your cosigner (if applicable) has any of the following with Wells Fargo prior to your Final Loan Disclosure being issued: The quoted Annual Percentage Rate (APR) "with discount" includes a customer interest rate discount of 0.25% for having a prior student loan with Wells Fargo or a qualified Wells Fargo consumer checking account.Variable interest rates are based on market conditions, so if market rates go up, so do your interest rate and monthly payments.

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The cosigner doesn’t have to be a relative; he or she can be any adult who meets the eligibility requirements.

Most borrowers will need a cosigner for this loan to meet credit, employment, and debt-to-income requirements.

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 10/31/2017 and subject to change without notice.

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.

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.

This can potentially lower your monthly payment by qualifying for a lower interest rate or extending the loan repayment term.

Keep in mind that extending the repayment term may increase the amount of interest you pay over the life of the loan.

The cosigner doesn’t have to be a relative; he or she can be anyone who meets the requirements — ideally someone with an established credit history and steady income. We will evaluate credit, employment, and income factors to determine the student borrower's ability to take full responsibility for repaying the loan.