You may be eligible for an interest rate discount on your next Wells Fargo private student loan, which may help lower your monthly payments when it's time to repay your loan. It's our way of thanking you for being a customer. Whether you need money for tuition and living expenses or textbooks and a computer, we can help you find a loan to help meet your needs. And remember, students make no payments while in school.3
You may qualify for these options to reduce your interest rate:
Qualifying product or account
Only 1 qualifying discount may apply.
Interest rate discount
The applicable interest rate discount below will be applied.
|Prior Wells Fargo student loan (prior Wachovia federal student loans are not eligible)||0.25% |
|Qualifying Wells Fargo consumer checking account ||0.25% |
|Wells Fargo PMA® Package ||0.50% |
Automatic repayment discount
In addition to your original discount once repayment begins
|Interest rate discount |
|Get an automatic payment discount when you set up automatic payments from a personal checking or savings account during repayment∗. || |
∗Discount reduces the amount of interest you pay over the life of the loan. The automatic payment discount may not change your monthly payment amount depending on the type of loan you receive, but may reduce the number of payments or reduce the amount of your final payment.