Thursday July 21, 2016

Wells Fargo and Amazon Team Together for New Student Loan Offerings

When you think of student loan providers, what is the first name that comes to mind? I'll bet it wasn't Amazon. Get this, if you are an Amazon Prime Student member, in addition to your free two day shipping, movie and music streaming, and photo storage, Wells Fargo will give you a 0.50 percent interest rate discount on your student loan.

"We are focused on innovation and meeting our customers where they are آ– and increasingly that is in the digital space," said John Rasmussen, Wells Fargo’s head of Personal Lending Group. "This is a tremendous opportunity to bring together two great brands. At Amazon and Wells Fargo, delivering exceptional customer service and helping customers are at the center of everything we do." The 0.50 percent interest rate discount being offered by Wells Fargo to Amazon Prime Student customers can also be added to a 0.25 percent interest rate reduction for enrolling in an automatic monthly loan repayment plan from Wells Fargo and any interest rate discount tied to a Wells Fargo global promotion.