Wells Fargo Education Financial Services

At all times think about lowest-cost options ? first to fund your price of schooling:
- Grants and scholarships-which don’t need to be repaid
- Training financial savings and investments
-Federal pupil loans-which have low
-fixed rates of interest
If these options aren’t sufficient to cover your expenses, contemplate a personal student loan.

A non-public student mortgage is created and of ered by non-public lenders, resembling banks and credit score unions. The lenders set the phrases and circumstances of the loan.
When do you have to contemplate a personal scholar mortgage?
- Federal loans, grants and scholarships don’t cowl tuition
- Need additional funds for residing expenses, books,
- research-overseas program, etc.
- Don’t qualify for federal help
- Enrolled in a license or multi-course certi? cate program

Federal student loans are government guaranteed. They are low, ? xed curiosity rate loans and nearly anybody can qualify for a Federal Staf ord Loan.
How personal student loans examine to federal pupil loans:
- Private scholar loans usually have:
- Bigger borrowing limits
- Much less stringent enrollment and eligibility necessities
- Longer reimbursement phrases
- Federal pupil loans have:
- Fixed interest rates
- Versatile repayment plans
- More choices for deferment and forbearance

Parents can borrow a Federal PLUS Loan at a low, ? xed rate. The mortgage is of their name -not yours-and compensation can be deferred while you’re in college on not less than a half-time basis. This mortgage cannot be transferred to you.

Discover extra data on non-public student loans, cosigners and the applying course of at wellsfargo.com/student.

Wells Fargo Education Financial Services