If you have one or more student loans, you have payments to make. Perhaps multiple payments. Fortunately, there’s a way to refinance your single loan, or turn multiple loans into one loan, and perhaps lower your monthly payment in the process.
It’s called Student Loan Consolidation.
There are two types of student loans: federal and private. Federal loans are financed by the government.
You can learn more about consolidating federal loans at studentloans.gov.
Private student loans are financed through a non-government lender, such as a bank. If you have private student loans, Wells Fargo can give you options for combining or refinancing your loans.
Once you qualify, you may get a lower rate, or you may choose to lengthen the time it takes to repay your loan to help lower your monthly payment.
Of course, extending your repayment time may add more interest over the life of your loan.
At Wells Fargo, you’ll work with a dedicated student loan consultant who can help you complete the application and determine what your new monthly payments will be.
To get started, apply online or give us a call at 1-877-425-2613. Take care of your student loan debt, and you can take on the world.