Consolidating student loans after college
When it comes to financing your education, be sure to look at all of your options — including grants, scholarships, and loans from all sources — and make careful comparisons among all of your choices.
If you determine that a private student loan is right for you, Wells Fargo provides loans to help meet the needs of nearly every student. Maximum in-school periods apply and vary based on loan product.
Department of Education offers a number of affordable repayment options for borrowers who are struggling to pay back their student loans.
Also, if you ever have questions or need FREE advice about your student loans, you can always contact your Department of Education loan servicer. Switch Your Repayment Plan You may be able to lower your monthly student loan payment by switching to a different repayment plan.
Your servicer can help you identify the best plan to fit your needs. Consolidate your Student Loans Loan consolidation can simplify your payments by combining multiple federal student loans into one loan. Benefits: The benefits listed could provide relief to some borrowers.Student loan consolidation may offer the solution, but many borrowers may be unfamiliar with the process.These are the most common questions borrowers ask concerning student loan consolidation: When borrowers consolidate their outstanding student loans, whether the loans are Federal or private, they are essentially securing a new loan.Deferment and forbearance are not good long-term solutions.If you think you’ll have trouble paying back your loans for more than a year or you’re uncertain, you should consider an income-driven repayment plan or consolidation.
Search for consolidating student loans after college:
However, many borrowers don’t realize that you can switch your plan at any time by contacting your loan servicer.