One of the nation's biggest banks and the so-called "everything store" have joined forces to extend loan discounts to students.
The $1.8 trillion-asset Wells Fargo announced Thursday it would offer a 0.50% interest rate discount on any of its private student loan products to student subscribers of Amazon.com's Prime service.
"We are focused on innovation and meeting our customers where they are – and increasingly that is in the digital space," John Rasmussen, Wells Fargo's head of personal lending group, said in a press release about the collaboration.
-
Students used to leave college with two artifacts of their first experiments with credit free T-shirts and, for better or worse, a credit file. Today they are leaving without either.
April 28 -
A new survey indicates more future college students plan to take out loans for their education and their parents are more willing to help them with the costs.
May 13 -
A lawsuit filed by three former Hawaii Community College students last year, aimed at recovering hundreds of thousands of allegedly wrongfully collected student fees, is now set to be heard in May.
April 11 -
Wells Fargo plans to pilot a digital advice platform in early 2017, according to a high-ranking executive at the wirehouse.
July 19
Amazon Prime Students offers unlimited free two-day shipping on more than 30 million items and student-exclusive special offers and promotions.
Wells Fargo Education Financial Services serves more than 1 million students, parents and families throughout the nation.
The discount can be tacked onto the 0.25% interest rate reduction the bank offers to customers who enroll in its automatic monthly loan repayment plan or any interest rate discount related to a Wells Fargo global promotion.
