With a Wells Fargo Private ConsolidationSM loan you may be able to combine multiple federal and/or private student loans into a single loan or even refinance a single federal or private student loan.
Refinancing offers a new interest rate as well as options to potentially lower your monthly payment or pay off your loan faster to reduce the interest paid over the life of the loan.
Keep in mind that if you reduce your monthly payment by extending your repayment term, you may pay more interest over the life of the loan. When you apply with Wells Fargo, we will help you to carefully review all of your options.
Benefits:
- Refinance both federal and/or private student loans from any lender
- Receive a new rate and payment with a 5, 7, 10, 15, or 20-year term (view APR examples) based on the amount of your loan and the credit qualifications of you, and your cosigner, if applicable
- Choose from a competitive fixed or variable interest rate option
- Reduce loan costs by qualifying for our student loan interest rate discounts
- Get your personalized rate and payment estimates before you apply
- There are no application, origination, or late fees, and no penalty for paying off your loan early.