Wells Fargo is one of the largest banks in the US. They provide a number of services to their customers. One of the options you may wish to use through Wells Fargo is their student loan options. Wells Fargo awards student loans as well as consolidates them. Wells Fargo is a private lender of student loans. This means they do not deal with Federal Student loans. Instead they supply student loans out of their bank and only their bank. Many students find going to a student loan lender to be easier as there are more choices in lenders; however, if you know Wells Fargo you might find they are better to deal with in giving you a deal.The bank will look at your credit history. Depending on the risk you pose they may insist upon a co- signer on the loan. In this way they are able to help you get the loan, without too much risk to themselves in the repayment situation. Most students do not have a lot of credit history when they first go to college. You can make it look better though. As a high school student one should have their own bank account. This helps on the credit history. The longer the same bank account is open the lower lenders consider you a risk. This is not the only thing you can do, but it is one of the first options you have. If your account is with Wells Fargo they may send you information regarding their student loan options. Wells Fargo from time to time looks at the products they have and considers whether you are a candidate. They especially do this on consolidating student loans.There is a drawback to going with any private lender. They do not have the power to provide a lower interest rate than the Federal government. This means you will pay more in interest. This could mean an interest rate of 6 percent or higher. It just depends on your risk and the going student loan interest rate at the time. Wells Fargo student loan options will allow you to repay the loan in a few different ways. You can elect to pay on interest while you are still in school. Otherwise you may pay with automatic payments or checks once you have graduated school. Most students elect to pay after they have graduated.