Wells Fargo No Longer Offers Private Student Loans and Refinancing – Here Are Alternative Options
Wells Fargo student loans used to be an option for borrowers who wanted private loans to help fund their education. However, that is no longer the case. New borrowers will need to look elsewhere for student loans. Wells Fargo has stopped issuing them. And current Wells Fargo loans are being transferred to a new lender.
The good news is, there are plenty of other options for paying for school without taking out student loans from Wells Fargo. Here’s what you need to know.
Although Wells Fargo used to offer both student loans and student loan refinance loans, the lender has discontinued this type of financing. The bank stopped providing educational financing or refinancing private loans after .
This means no new borrowers can take out Wells Fargo loans, even if they have other financial accounts with the lender or if they took out school loans from this lender in the past.
What is happening to existing Wells Fargo Student Loans?
Wells Fargo has not only decided to stop issuing new student loans, but the lender is also getting out of the loan servicing business altogether. In fact, its entire current portfolio of loans will be transferred to a different loan servicer called Firstmark.
Firstmark is a division of Nelnet, which is 
a major loan servicer. Borrowers will not see their repayment terms change due to the transfer of their loans and should continue to make payments in accordance with their original agreement with Wells Fargo.
There are two primary alternatives to taking out student loans now that Wells Fargo is no longer in the student loan space. Continuar leyendo: “Wells Fargo No Longer Offers Private Student Loans and Refinancing – Here Are Alternative Options” →
Publicado el 19/3/2022 Categoría paydayloanadvance.net payday loans online same day.
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