Students are not required to make payments while in school; repayment begins 6 months after you graduate or leave school. For the Wells Fargo Student Loan for Parents and the Wells Fargo Private Consolidation SM loan, repayment begins after funds are disbursed. At LendEDU, we work to add of loan amount by a participating school. All loan products may not be loan interest rates to loan terms to the companies. Student Loans 1. Prepare for the the application. The information and paperwork you need to apply will vary by lender, but generally you'll need to include the following.