Wells Fargo

Wells Fargo Limited

Phone: 1-800-869-3557,1-800-956-4442
Email: reportphish@wellsfargo.com

Wells Fargo Education Connection® Loan

Wells Fargo offers a variety of private student loans at competitive rates. When it comes to financing your education, be sure to look at all of your options - including grants, scholarships and loans from all sources - and make careful comparisons among all your choices. If you determine a private student loan is right for you, Wells Fargo offers loans to fit the needs of nearly every student. Most students will need to apply with a cosigner in order to meet our credit history, income, and employment requirements.

About federal loans: Wells Fargo and other private lenders no longer are able to originate federal student loans. All new federal loans are available directly from the U.S. Department of Education.
You can use the Wells Fargo Education Connection Loan1 in addition to a federal student loan to cover your education costs.

Or you may use this loan instead of a federal loan if you are enrolled less than half-time or will not be completing the FAFSA.
Automatic payment discount — Lower your interest rate by 0.25% when you set up an automatic payment from a personal checking or savings account.
Wells Fargo Student Graduation BenefitSM — Lower your interest rate by 0.25% after we verify that you’ve graduated.
Relationship discount — Lower your interest rate by up to 0.50% if you’re a Wells Fargo customer.
No payments are due until six months after you leave school.
Loan Amount
You can borrow up to $25,000 per school year, based on the school you are attending. The aggregate loan limit is $100,000 including all other educational debt.
Interest Rate
Lower your interest rate by 0.25%
Fees : 2% origination fee
Be enrolled at an eligible school, and seeking a degree, certificate, or license. Check our Loan Selector to see if this loan is offered at your school.
Have a cosigner, unless you meet credit history, income and employment requirements. Will I n
1Students are not required to make payments while in school; repayment begins six months after you graduate or leave school. The maximum in-school period is five years after the date of first disbursement.
2Wells Fargo retains the right to discontinue or modify our rewards for future disbursements at any time without notice.

Wells Fargo offers the Wells Fargo Student Graduation BenefitSM Reward with a 0.25% interest rate reduction to borrowers who graduate. The reward applies to loans disbursed on or after July 1, 2008. Proof of graduation or program completion is required. Additionally, we offer a 0.25% interest rate reduction to borrowers who have their payments automatically withdrawn from a personal checking or savings account. The 0.25% reduced interest rate reduction requires continued automatic payment from a personal checking or savings account. If the automatic payment is canceled at any time after repayment begins, the discount will be lost until automatic payment is reinstated. The 0.25% interest rate reduction is effective the day after the first payment is made using automatic withdrawal during the repayment period. The automatic payment interest rate reduction is separate from the graduation reward interest rate reduction and available to both borrowers who graduate and those who do not.

You may qualify for an interest rate discount if you or your cosigner has any of the following Wells Fargo products at the time of application:

A Wells Fargo PMA® Package — 0.50% discount
A qualifying Wells Fargo checking account — 0.25% discount
A prior federal or private student loan made by Wells Fargo — 0.25% discount


This place is where you can write your valuable comment, suggestion, complain or share your views about this banking items. Other people can get the benefit from your input knowing how good/bad this item is. Your valuable feedback will help the bank to refine their products and improve the quality of services.
Comments powered by Disqus