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Is Wells Fargo a good student loan?

Is Wells Fargo a good place to get a Federal Stafford student loan from??...?

  • im working on finding a student loan for school. ive been qualified for the federal stafford loan. does anyone also know if wells fargo offers the repayment option where u dont have ...show more

  • Answer:

    Most all student loan companies offer the option of repayment 6 months after graduation. If you go through FAFSA.gov, you should be able to qualify for stafford loans through the government - most private companies (such as wells fargo, Chase, etc) can give you loans but at a much higher interest rate. With government stafford loans you are pretty much guaranteed you are getting the lowest interest rate possible. The school you are attending will usually handle your funds for you, take the money for registration (Unless you indicate you are paying up front) and then they will cut you a check for the remainder, (or the entire amount if applicable).

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Wells Fargo is a source of private (as opposed to Federal) student loans. You can't apply for deferment, but you can get forbearance for the summer called a Summer Bridge forbearance. You can also consolidate the private loans to get a lower payment and better interest rate.

dottye7777

NOOOOOOOOOOOO! wells fargo will screw you over. use something more local. i'm using my state program. ask your financial aid advisor about it if you have more questions, it kind of depends on the area you live in and what school you go to.

vegas

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