private student loans consolidation

[music] should i take out a private student loan? as you plan your college financing, here aresome important things to keep in mind regarding private student loans. first, be sure you've researched all of youroptions including grants, scholarships and federal student loans before you considera private student loan. next, most private student loans are providedby banks – and some banks may provide a special discount if you already have a relationshipwith that bank. private student loans often require an incomeand credit history check. so having a cosigner

may increase your chances of getting approvedand potentially getting a better interest rate. private student loans can typically coverup to the entire cost of education (minus other aid already received). aggregate limitsmay apply, so be sure to work with your lender to understand how much you can borrow. and finally, many private student loans mayprovide an option to make no payments while you’re in school. ask your lender aboutthis option. learn more about planning your college financingat wellsfargo.com/student. you can find more answers to questions, andjoin the conversation, at wellsfargocommunity.com. we hope this was helpful. please contact usif you have any questions.