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.In the event of the death or total and permanent disability of the student borrower, the loan can be forgiven and the student borrower and any cosigner won't be responsible for repayment.
Discounts reduce the amount of interest you pay over the life of the loan.
The automatic payment discount may not change your monthly payment amount depending on the type of loan you receive, but may reduce the number of payments or reduce the amount of your final payment.
At the time the borrower submits a request to release the cosigner, all the following requirements must be met: Please note that the student borrower must submit a signed cosigner release application.
To learn more about Wells Fargo cosigner release benefit eligibility or if the borrower is interested in applying for a cosigner release, please contact our office at The borrower and the cosigner share responsibility for ensuring that the loan is repaid.
Variable interest rates are based on market conditions, so if market rates go up, so do your interest rate and monthly payments.
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.Any adult who meets the credit and citizenship requirements can be a cosigner for a private student loan.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.Until we notify you that your loans are consolidated, you’ll need to continue making payments on all your separate loans.loan allows you to consolidate multiple private student loans or refinance a single private student loan.The borrower and any cosigner share responsibility for ensuring that the loan is repaid.