Consolidating private student loans with wells fargo

The company was formed in 1852 to provide banking services to developing territories in the West, and, nine years later, the “Pony Express” mail service between the country’s eastern and western shores.In 1905, Wells Fargo’s lone bank in San Francisco separated from the express service, and by the 1970s a network of Wells Fargo banks served the northern California region."For a vast number of students who have private student loan debt, this will dramatically improve their payments and the interest they pay over the life of their loans."Coughlin said the company sees this as a very big business opportunity and a way to build lifelong relationships with students and their families.

So what does its consolidation loan product look like?Wells Fargo stopped making federal student loans in 2010, but the company does offer a private consolidation loan, which lets you combine your existing private student loans into a single large loan with one monthly payment.You may be able to make that one monthly payment for an amount smaller than the total of your separate loan payments, and if you are struggling to make those payments that is a very helpful option.Today Wells Fargo’s territory includes the West, Midwest, and East, and it offers a number of financial services like consumer loans, insurance, and investment banking.It has a reputation for responsibility and good customer care, and pays special attention to maintaining a diverse work force.Millions of Americans could put more money in their pockets each month by refinancing their student loans.

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