Wells Fargo Student Loans Review

Wells Fargo & Company is a nationwide provider of financial and loan products. The company helps customers achieve financial success through their wholesale banking, commercial finance, mortgage, business banking, and consumer finance services. Part of its services are student loans for undergraduate and graduate studies.

Loan Service Category

Direct Loan Service

Student Loans Offered

Private Student Loans

• Undergraduate Loans
• Graduate Loans

Federal Student Loan

• Stafford Loan
• Graduate PLUS Loan
• PLUS Loan for Parents
• Perkins Loan

Services and Features

Wells Fargo provides private student loans for undergraduate and graduate student. They offer to fund up to 100% of their school-certified expenses without needing to pay while they are still attending school.

The loan service provider gives benefits to consumers such as competitive variable and fixed interest rates, reduced loan cost, and the option to pay after they have graduated. Student borrowers can get a loan rate discount of up to 0.50% with the help of a qualified co-signer or if they have open a qualifying Wells Fargo consumer checking account. Customers can also reduce their cost of 0.25% with Automatic Payment Discount. Multiple types of loan discounts may be granted to a borrower as long as they continue to qualify for it.

Another benefit that customers can get from Wells Fargo is their CollegeSTEPS Sweepstakes wherein they can have the chance to win up to $5,000. Both high school and college students can sign up for this program without any fees and purchase necessary.

Eligibility

Must provide all of the important information:

• Social Security Number
• School Information
• Current address for both of the borrower’s home and school
• Gross Income Information
• Valid telephone number
• Requested loan amount
• Residence information

Rates

For Wells Fargo Collegiate Loan

*Details are based on the assumption of: $10,000 loan amount, 15-year repayment term, 48-month deferment, and 6 months grace period

For Wells Fargo Graduate Loans

*Details are based on the assumption of: $10,000 loan amount, 15-year repayment term, 24-month deferment, and 6 months grace period

Student Loans at Wells Fargo

Wells Fargo is a good choice when it comes to student loans. With a variety of private and federal student loan options to choose from, borrowers are sure to get the best loan rate that fits their educational needs and budget.