The Health Care and Education Affordibility Reconciliation Act of 2010 contains provisions revising the student loan process.
Today, the government serves as its own lender, eliminating the bank or credit union that traditionally got involved.
Wells Fargo Bank offers competitive student loan consolidation rates for every students having unique financial status.
Students also get an option to reduce their interest rate by 0.25% when they allow the bank to withdraw payments automatically from their savings or checking accounts.
Wells Fargo is one of the largest providers of student loans and the bank further endeavors to assist those students who are finding it hard to repay their private or federal student loans.
You can easily qualify for an affordable annual percentage rate or variable APR depending on your credit record.
To be eligible to consolidate your loans, you must meet the following requirements: You can consolidate up to 0,000 in private loans at a time, up to a 0,000 lifetime limit. Selector .selector_input_interaction .selector_input. Selector .selector_input_interaction .selector_spinner. Student loan refinancing programs began with just a handful of online lenders, but big banks have since jumped onto the bandwagon, offering even more alternatives.It is important for you to have some idea about the consolidation process if you have finally considered consolidating your multiple student loans.Once you submit your application, the bank usually takes around 45-60 days to begin your consolidation process.