Wells Fargo is a massive and long-standing bank, having been around since 1852, although it only took the name in 1954. Since the mid-60s, it’s branched out to offer student loans and refinancing options to borrowers nationwide.
Why get a student loan from Wells Fargo?
There are some appealing offers that could motivate you to take a loan out here. It has some flexible repayment and payment reduction offers, and you’re eligible even if you’re only enrolled half time.
What student loans does Wells Fargo offer?
This lender has options for taking out private student loans or refinancing your current one. However, the option to refinance is only available to existing Wells Fargo student loan borrowers.
Student loan refinancing information
There are some flexible options for refinancing, and you’ll even be assigned a student loan advisor, but if your loan is with another organization, then forget about it.
Fixed rates from:
|3.74% - 9.74%|
|Variable rates from:||3.00% - 8.74%|
|Loan repayment terms:||5, 7, 10, 15, or 20 (Years)|
|Loan amount:||$5,000 to $120,000|
Private student loans
Wells Fargo has some quite attractive starting APRs on its private student loans, and again you'll be provided with a student loan advisor. Most impressively, it actually funds half time students, which is unusual. However, the optional deferral term length is quite short, the minimum credit and income criteria aren’t provided, and to find out this information you’ll need to carry out a hard credit check.
More about rates and fees of Wells Fargo’s loan options
If you’re still interested in these loans, check out the rates and fees below:
Fixed rates from:
|Variable rates from:||3.39%|
|Returned payment fee:||Not stated|