Wells Fargo Private Student Loan Rates

A consolidation loan allows you to refinance one or more loans into one new loan with a new interest rate and or payment term.

Wells fargo private student loan rates.

Student loan interest rate wells fargo interest continues to accrue during any in school period and will be capitalized to the account upon entering repayment. Variable rates range from 2 68 apr with discount to 9 46 apr without discount. New york december 21. How variable interest rates work.

Wells fargo private student loans are subject to credit qualification completion of a loan application and consumer credit agreement verification of application information and if applicable a self certification form the school s certification of loan amount and the student s enrollment at a wells fargo participating school. The index prime rate which can go up or down depending on market conditions and the margin which does not change. The variable interest rate is capped and will never exceed 18. A wells fargo variable interest rate private student loan is based on two factors.

About private student loan interest rates. Wells fargo is exiting the student loan business we are selling and transferring our student loans. Wells fargo notified customers in september of its intention to exit the private student loan business. See examples of today s rates.

The company will continue to accept new student loan applications from existing private student loan customers until january 28 2021. Wells fargo has agreed to sell its private student loan portfolio to a group of undisclosed investors after signaling its intention to exit this line of lending in september. Wells fargo notified customers in september of its intention to exit the private student loan business. Variable rates range from 3 99 apr with discount to 10 49 apr without discount.

The variable interest rate is capped and will never exceed 18. The company will continue to accept new student loan applications from existing private. Last day to apply is january 28 2021 for customers with an outstanding wells fargo private student loan balance. Consolidating your federal and or private student loans with wells fargo may help you take control of your finances by creating a single private loan with a new interest rate one monthly payment and a new repayment term of your choice.