Start Consolidating student loans different interest rates

Consolidating student loans different interest rates

The borrower and the cosigner (if applicable) share responsibility for ensuring that the loan is repaid.

Student loan consolidation borrowing limits Consolidating multiple student loans or refinancing a single private student loan may lower your monthly payment if you qualify for a lower interest rate or a longer repayment period.

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

When you apply with Wells Fargo, we will help you to carefully review all of your options.

Your total student loan balance must be at least $5,000 to consolidate, while each individual loan must have a minimum balance of $1,000.

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.

(A 20-year repayment term is available when the consolidation loan amount is $50,000 or more) Variable interest rates are based on an Index, plus a margin.