Bank consolidating student loans
Any adult who meets the credit and citizenship requirements can be a cosigner for a private student loan. national, or is a permanent resident alien with proper evidence of eligibility, and contacts Wells Fargo to request release of the cosigner.
The cosigner doesn’t have to be a relative; he or she can be anyone who meets the requirements — ideally someone with an established credit history and steady income. We will evaluate credit, employment, and income factors to determine the student borrower's ability to take full responsibility for repaying the loan.
Until we notify you that your loans are consolidated, you’ll need to continue making payments on all your separate loans.Most borrowers will need a cosigner for this loan to meet credit, employment, and debt-to-income requirements.Rates are typically higher without a cosigner; however, borrowers that meet these requirements on their own do not need a cosigner (but may still choose to apply with a cosigner).Simplify your college or grad school debt repayment with one lender, one monthly payment.When you consolidate multiple student loans or refinance a single student loan, you may receive a lower monthly payment with a reduced interest rate or an extended repayment term.
loan allows you to consolidate multiple private student loans or refinance a single private student loan.