Consolidating college loans wells fargo
I was under the impression from the Loan Disclosure form and the promissory note that if I didn't like the terms I was under no obligation!Once I called Wells Fargo to try and reverse the payment since I didn't want to go with Wells Fargo I was told basically too bad.I applied to Wells Fargo and submitted the signed promissory note.1 Week after I had faxed over the promissory note I received a Loan Disclosure form saying I had been approved and the funds had been sent to Sallie Mae.
Both options are appealing because they can offer lower rates and term adjustments as well as lower your monthly payments — all of which can help you pay off your loan(s) sooner.
This problem still isn't resolved and I wouldn't use Wells Fargo again.
The reason I didn't want to go with the Wells Fargo Consolidation is because the interest rate was way to high”Original Review From – graduating in December and having several Stafford loans I am now trying to figure out a repayment plan that leaves the most money in my pocket.
And be aware that if you refinance and extend your loan term, you could end up paying more in interest over the life of the loan.
If you’re facing financial hardship and finding it difficult to make your private student loan payments, you might be able to apply for forbearance.