Wells Fargo Student Loan Interest Rate Discounts
Take advantage of interest rate reductions on new student loans.
Did you know if you or your cosigner already have a student loan with Wells Fargo, we’ll give you a 0.25% interest rate discount on your new student loan?
Did you know if you or your cosigner have or open a qualifying Wells Fargo consumer checking account, we’ll give you a 0.25% or 0.50% interest rate discount on your new student loan?
We appreciate you as a customer and want to help you reduce your total loan costs, and lower your monthly payment amount.
Discounts for Wells Fargo customers
Reduce your interest rate with one of the following discounts if you or your cosigner have a prior student loan or have or open a qualifying account during the application process:
- 0.25% interest rate discount with a prior federal or private student loan with Wells Fargo [prior Wachovia federal student loans are not eligible]
- 0.50% interest rate discount with a Wells Fargo PMA® Package
- 0.25% interest rate discount with a qualifying Wells Fargo consumer checking account
If you don’t have a qualifying consumer checking account, contact Wells Fargo at 1-800-869-3557 or open your account online today prior to your Final Loan Disclosure being issued.
Reduce your costs even more during repayment
You may qualify for multiple discounts that can add up to great savings over the life of your loan as long as you continue to qualify.
Parents, family members, or friends can help with a student's education. Be a cosigner to help your student qualify for a student loan and potentially receive a lower interest rate. Or borrow for the benefit of a student with the Wells Fargo Student Loan for Parents.