Consolidating private school loan credit
However, a cosigner is not required in order to apply.
A cosigner is someone who shares responsibility with the borrower for repaying the loan.
Variable interest rates are based on an Index, plus a margin.
The APR for a variable rate loan may increase during the life of the loan if the index increases. Rates are current as of 04/01/2018 and subject to change without notice.
Wells Fargo reserves the right to change rates, terms, and fees at any time.
Your actual APR will depend upon your credit transaction and credit history, and will be determined when a credit decision is made.
Fixed interest rates stay the same over the life of the loan. Your interest rate will be determined by several factors when you apply, most importantly your credit history and that of your cosigner, if applicable.The borrower and the cosigner share responsibility for ensuring that the loan is repaid.If financial hardship makes it difficult to remain current on the loan payments, we encourage you to talk to us to see what options are available.Finally, the cosigner needs to sign a consent form agreeing to be removed from the loan.To learn more about our cosigner release benefit eligibility or if the borrower is interested in applying for a cosigner release, please contact our office at .