With Wells Fargo you get a company that has been around for a very long time, and offers financials services in line with traditional market standards.
Wells Fargo also offers extra benefits to its current customers.
However, this number can get slightly lower if you qualify for any of their discount loan programs.
The variable interest rate loans currently max out at 9.24%, but are subject to increase with the market.
The terms of this loan are pretty strict and offer little relief for someone who runs into difficulty paying of their loan.
Unlike some of their competition, interest only payments and deferments are not available with Wells Fargo.
As a result, Wells Fargo ranks 11th in our best student loan consolidation company rankings.
Interest rates currently start at 4.24% for Wells Fargo variable interest rate loan consolidation.Wells Fargo also offers fixed interest rate loans, ranging from 6.24% to 10.99%.The starting interest rates with Wells Fargo are much higher than those offered by other student loan refinancing companies.If you would like to consolidate more, calling them directly might be your best route.The length of repayment is 15 to 20 years depending upon the total amount of debt borrowed, and there is no penalty for paying off your loans early.Unfortunately, the interest rates and loan terms are not as competitive as many of the other lenders in the market.