You can find each lender below, along with information on rates, terms, and other key details. But remember, lowering your monthly payments could mean that you end up paying more in interest overall. Student loan consolidation: Consolidation is the process of combining your government loans so that you can make a single monthly payment.With the shifts in the student loan industry, Wells Fargo remains a leader in private student loan lending.It offers a full array of private student loans, rate-reduction programs and competitive terms, making Wells Fargo the Top Ten Reviews Bronze Award winner for student loan providers.
Average APR rates are on the rise for student loans.
Should I refinance my student loans with fixed or variable interest rates? How do I consolidate or refinance my student loans? How much can I save by refinancing my student loans?
Student loan refinancing: Refinancing is when a student loan lender buys out your existing loans, and gives you a single new loan with a potentially lower interest rate.
Wells Fargo stopped making federal student loans in 2010, but the company does offer a private consolidation loan, which lets you combine your existing private student loans into a single large loan with one monthly payment.
You may be able to make that one monthly payment for an amount smaller than the total of your separate loan payments, and if you are struggling to make those payments that is a very helpful option.