Hundreds of High School Students Receive $1,000 Cash Prize From Wells Fargo

San Francisco - October 8, 2013

Wells Fargo (NYSE: WFC), the nation’s second largest private student lender, is presenting $1,000 checks to 520 high school student winners in communities across the country from the company’s “CollegeSTEPS® expanded sweepstakes.”

Wells Fargo’s CollegeSTEPS expanded sweepstakes is part of the company’s CollegeSTEPS® program, which provides college planning and money management tips for high school and college students and parents, including how to find scholarships, apply for financial aid, make campus visits, save and budget, and manage student loans. Eligible high school students who signed up for the program between April 1, 2013 and June 30, 2013 were automatically enrolled in the CollegeSTEPS expanded sweepstakes.

“There is still a great deal of education that needs to take place about financial planning and how to navigate available federal and private financing options,” said John Rasmussen, head of Wells Fargo Education Financial Services. “With more students registering each year for CollegeSTEPS to receive information on how to prepare for college, we are being sent a clear message that today’s students want to be smart about their finances and their future.”

With the rising cost of a college education, the Wells Fargo CollegeSTEPS sweepstakes can help students cover miscellaneous expenses, such as books, computers or lab fees. Since 1998, Wells Fargo has awarded more than $1 million to students through its CollegeSTEPS sweepstakes and will award an additional 200 $1,000 cash prizes during the 2013/2014 academic year. In 2012, Wells Fargo’s community contributions included $75.7 million to 8,000 educational programs and schools across the U.S., and $19.3 million in matched educational donations from team members.

To learn more and enroll in Wells Fargo’s CollegeSTEPS program, visit the Wells Fargo student lending website.

About Education Financial Services
Wells Fargo Education Financial Services has been in the student lending business since 1968 and currently serves more than 1.9 million student, parent and family customers in all 50 states. We provide private student loans directly to consumers, through the Internet and at more than 6,000 Wells Fargo banking stores to help customers finance their education. Wells Fargo Education Financial Services also provides customers with tools to help them succeed financially while in school and prepare them for when they finish college. As part of the organization’s commitment to education, in 2012, Wells Fargo’s community investments included $75.7 million to 8,000 educational programs and schools around the United States. Through the Wells Fargo Foundation, we partner with nonprofit organizations and stakeholders to strengthen our goal of providing high quality assistance to those individuals who are working to achieve their educational dreams. Learn more about Wells Fargo Education Financial Services.

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet, and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

Jason Vasquez