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Alternatively, if you choose a shorter repayment term than your current loans, your monthly payments may increase, but the total amount you pay may be less over the life of the loan.

Some borrowers will need a cosigner for this loan to meet the loan credit requirements. Borrowers that qualify on their own do not need a cosigner but may still choose to apply with a cosigner.

The billing statement will include the due date for your first payment.

Learn about repayment Here are two ways to estimate your rate and payments: Get your estimated rate – See your personalized rate and payment estimates with a soft-credit inquiry and no impact to your credit score.

You will receive a billing statement in the mail after your loans have been successfully consolidated and loan proceeds have been disbursed to your prior loan servicers.You can sign online or print out to sign and upload, fax or mail.You’ll receive a final loan disclosure once all documents are signed.Once your loan is finalized, we'll pay off the loans you’ve included in your consolidation and those loans will make up one new loan with one monthly payment to Wells Fargo.A consolidation loan allows you to refinance one or more loans into one new loan with a new interest rate and/or payment term.