Wells Fargo Student Loans

Posted on | August 6, 2009 | No Comments

Wells Fargo offers a wide assortment of student loans that can help you pay your way through college. Even if you have already qualified for federal loans or grants, you can benefit from making Wells Fargo your lender. In fact, they offer federal loans, private loans and even loans for parents that can make the process of paying for school completely doable.

Wells Fargo is one of the larger corporate banking institutions that now offers a one-stop-shop for student loans. The Wells Fargo Student Loan Center offers students and parents a number of educational loan services and products, including a wealth of information on saving for college and managing student loan repayment.

The Wells Fargo Student Loan Center provides borrowers with useful tools – compare private Wells Fargo student loans to Federal loans, and find the right loan with the online loan selector.

Wells Fargo offers three ways to help you reduce the interest rate of your private student loan. You can choose to do any combination of the following:

1. Graduate from college — Get a 0.50% interest rate reduction at repayment upon verification of graduation with the Wells Fargo Student Graduation Benefit^SM Program
2. Set up automatic loan payments — Receive a 0.25% interest rate reduction when you set up automatic payments from a personal checking or savings account
3. Line up a cosigner — Having a cosigner speeds up the application process, increases your chance of approval and may lower your interest rate

Wells Fargo reserves the right to discontinue or modify rewards for future disbursements at any time without notice. The 0.50% savings applies to eligible private student loans first disbursed on or after July 1, 2008.

If you apply for a Wells Fargo Student Graduation Benefit^SM Program, Verification of graduation or the completion of a multi–course certificate or license is required.

Reduced interest rate requires continued automatic payment of full regularly scheduled payments from a personal checking or savings account. If the automatic payment is cancelled at any time after repayment begins, the discount will be lost until automatic payment is reinstated.

A cosigner may be required. If you make less than $12,000 annually, you’ll likely need a cosigner.

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