Wells Fargo Offers Student Loan Discount for Amazon Prime Members
Amazon Prime offers several perks, and the last one is a student loan discount. Amazon recently teamed up with Wells Fargo to offer Prime Student customers a discount on the interest rate on their private student loans.
Wells Fargo will provide a 0.5% discount to borrowers who are also Amazon Prime Student members. We have already told you that many lenders offer a 0.25% discount if you participate in the direct payment program, and Wells Fargo says that borrowers can combine the two:
The 0.50% interest rate discount offered by Wells Fargo to Amazon Prime Student customers can also be added to the 0.25% interest rate reduction for participating in the Wells Fargo Automatic Monthly Loan Repayment plan and to any interest rate discount pegged to Wells Fargo global increase
Amazon Prime Student costs $ 49 per year, and of course it’s a mutually beneficial marketing ploy for both companies. However, this is good news for Wells Fargo borrowers who qualify for the Prime Student program. For more details see the full release at the link below.
Wells Fargo and Amazon Are Together to Create New Offers for Students | Wells Fargo