Eligible consolidating lenders
Any adult who meets the credit and citizenship requirements can be a cosigner for a private student loan. national, or is a permanent resident alien with proper evidence of eligibility, and contacts Wells Fargo to request release of the cosigner.The cosigner doesn’t have to be a relative; he or she can be anyone who meets the requirements — ideally someone with an established credit history and steady income. We will evaluate credit, employment, and income factors to determine the student borrower's ability to take full responsibility for repaying the loan.Student loans and their impact on each of your credit scores remain separate on paper and credit reports, but each spouse’s debt involuntarily affects the other’s credit score.Many couples handle their student debt differently; for example, each spouse could handle their debt separately with their own income.When you get married, what was separate tends to become one.
When you consolidate multiple student loans or refinance a single student loan, you may receive a lower monthly payment with a reduced interest rate or an extended repayment term.Students borrow these federal student loans from one of two major federal student loan programs: the Federal Family Education Loan (FFEL) program or the Federal Direct loan program.Federal student loans from the FFEL program are issued by private banks and lending institutions like Sallie Mae, but are still federal student loans.It can be tempting to combine debts once you get married for the sake of combining debts, but everything you do should be done for the sake of your future.Most students borrow federal student loans (like Stafford loans and Grad PLUS loans).