Consolidating college loans wells fargo
However, these loans have strict terms that might be difficult to comply with if you lose your job or are otherwise unable to pay.
Unless you are confident in your ability to make full payments for the life of your loan, this loan could be a risk.
That borrower would not be able to get another forbearance until they have made 12 consecutive on time payments.As a result, Wells Fargo ranks 11th in our best student loan consolidation company rankings.Interest rates currently start at 4.24% for Wells Fargo variable interest rate loan consolidation.The big advantage with the Wells Fargo consolidation is the discounts available to existing Wells Fargo customers.
Wells Fargo currently offers a .25% promotional discount, a .25% auto debit discount, and a .25% relationship discount for those with other Wells Fargo accounts. The biggest discount available with Wells Fargo is the .50% PMA discount, but according to their representative, this is only for people who have an existing PMA account with Wells Fargo, and assets in excess of approximately ,000 with Wells Fargo.If you don’t meet the minimum credit requirements, which Wells Fargo declined to disclose to Nerd Wallet, you can apply with a co-signer who does in order to qualify.