Consolidating student loans lower interest rate

A cosigner is someone who shares responsibility with the borrower for repaying the loan.

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

The amount forgiven will correspond to the outstanding balance of any underlying loan(s) made to the student borrower.

The borrower and the cosigner share responsibility for ensuring that the loan is repaid.

Learn more about when to consolidate and refinance federal and private loans.

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With a debt consolidation loan, a lender issues a single personal loan that you use to pay off other debts, such as balances on high-interest credit cards.

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

Discounts reduce the amount of interest you pay over the life of the loan.

The APR for a variable rate loan may increase during the life of the loan if the index increases. Rates are current as of 01/01/2018 and subject to change without notice.

Wells Fargo reserves the right to change rates, terms, and fees at any time.

Consolidating student loans lower interest rate