Wells Fargo and Amazon Team Together for New Student Offering
July 21 2016 - 6:00AM
Business Wire
New agreement extends private student loan
discounts to Amazon Prime Student customers
Wells Fargo Education Financial Services, the nation’s largest
private student lender amongst U.S. commercial banks, and
Amazon.com, today announced a new interest rate discount for Amazon
Prime Student customers who apply for any of Wells Fargo’s private
student loan products.
“We are focused on innovation and meeting our customers where
they are – and increasingly that is in the digital space,” said
John Rasmussen, Wells Fargo’s head of Personal Lending Group. “This
is a tremendous opportunity to bring together two great brands. At
Amazon and Wells Fargo, delivering exceptional customer service and
helping customers are at the center of everything we do.”
The 0.50 percent interest rate discount being offered by Wells
Fargo to Amazon Prime Student customers can also be added to a 0.25
percent interest rate reduction for enrolling in an automatic
monthly loan repayment plan from Wells Fargo and any interest rate
discount tied to a Wells Fargo global promotion. For more
information, please visit: www.wellsfargo.com/amazon
Amazon Prime Student gives college students unlimited Free
Two-Day Shipping on more than 30 million items, and special offers
and promotions created just for students. Students can sign up for
a six-month, sponsored trial of Amazon Prime Student to access
these benefits, plus unlimited streaming of tens of thousands of
movies and TV shows with Prime Video and free unlimited photo
storage with Prime Photos. After that it’s just $49 a year—half the
price of a regular Amazon Prime membership—and includes over a
million songs with Prime Music and one free pre-released book a
month with Kindle First.
In addition to offering interest rate discounts, Wells Fargo has
also developed free online resources to help students and families
prepare, plan, and finance their higher education, which include:
Five Steps To Paying For College; Wells Fargo College Planning
Blog; CollegeSTEPS; CollegeSTEPS Magazine; Private Student Loan
Calculator; and Get College Ready.
About Wells Fargo Education Financial Services
Wells Fargo Education Financial Services has been in the student
lending business since 1968 and currently serves more than 1.05
million student, parent and family customers in all 50 states.
Wells Fargo provides 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. 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
diversified, community-based financial services company with
$1.8 trillion in assets. Founded in 1852 and headquartered in
San Francisco, Wells Fargo provides banking, insurance,
investments, mortgage, and consumer and commercial finance through
8,800 locations, 13,000 ATMs, the internet (wellsfargo.com) and
mobile banking, and has offices in 36 countries to support
customers who conduct business in the global economy. With
approximately 269,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was
ranked No. 30 on Fortune’s 2015 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy our customers’
financial needs and help them succeed financially. Wells Fargo
perspectives are also available at Wells Fargo Blogs and Wells
Fargo Stories.
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version on businesswire.com: http://www.businesswire.com/news/home/20160721005272/en/
Wells Fargo & CompanyMediaJason Vasquez,
213-598-2836Jason.A.Vasquez@wellsfargo.comTwitter
@JasonVasquezWForInvestorsJim Rowe,
415-396-8216Jim.Rowe@wellsfargo.com
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