Consolidating student loans sallie mae
Managing your money can be difficult, and so can college, but financing your education doesn’t have to be as hard as you think. To start, we encourage you to work with your college financial aid office.They're the best source of information on available federal and state financial aid sources (including grants, loans, and other forms of financial aid) for which you may qualify.
The amount forgiven will correspond to the outstanding balance of any underlying loan(s) made to the student borrower.The cosigner doesn’t have to be a relative; he or she can be any adult who meets the eligibility requirements.Most borrowers will need a cosigner for this loan to meet credit, employment, and debt-to-income requirements.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.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.
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.
However, a cosigner is not required in order to apply.
A cosigner is someone who shares responsibility with the borrower for repaying the loan.
Finally, the cosigner needs to sign a consent form agreeing to be removed from the loan.