What banks do student loan consolidation right now?

I graduated in May. I just started my first real job 3 weeks ago. I know I should have done this sooner, but I need to consolidate my loans before November (when I have to start paying them). I have my federal loans already consolidated, I can check the status on them tomorrow.

So far I have only applied to Wells Fargo to consolidate my private loans, and they want to charge 8.75% (this is with agreeing to automatic payments and have both of my parents, who have excellent credit scores, cosigning). I also have a good credit score from paying my car loans successfully. Except for my car loan and my student loans, I don't have any other credit history. I am reluctant to accept Wells Fargo's offer because I think it's outrageous. If I called and spoke to a manager could I negotiate a lower rate?

What other banks offer consolidations right now? I have looked up Chase Bank and all of the other large banks and they aren't doing consolidations right now. I want to apply at a few of them and try t find a better rate.

Thank you.

Wells Fargo is pretty well it. And no, the rate is not negotiable. They are basically the only ones doing it and their rates are set. Is this rate higher or lower than your current rate? Plus you have to watch the origination fees....they can be rough.

The rate they gave me (8.75% when signed up for automatic payments) is greater than the current rates on my loans. All of my private loans were from Citi Bank, but they don't do consolidations anymore. I took out 7 loans from them when I was in school. The rates on those loans were from 3% to 8%, so shouldn't the weighted average on the consolidation be lower than 8.75%, especially since I have good credit and my parents have excellent credit?

My parents agreed to cosign the loan, and they have excellent credit. But it didn't matter because when Wells Fargo plugged that into their system, it didn't lower the rate at all. Why would that happen? If they agree to cosign it should lower the rate shouldn't it? I'm going to call them tomorrow and as why their cosigning didn't lower the rate.

What are the origination fees going to be?

Weighted average only applies to federal loans. There are no rules when it comes to private loans. Checked, no originations fees. Interest rates are prime + up to 5.75%

Thank you for the help. What I don't understand is why they are giving me the maximum of + 5.75%, given my credit history and my parents excellent credit history since they are cosigning. I'm going to call them tomorrow and find out.

Your length of employment is probably the reason.

They probably wont be able to tell you....it is all computer generated based on statistics and information supplied.