If you don’t meet the minimum credit requirements, which Wells Fargo declined to disclose to Nerd Wallet, you can apply with a co-signer who does in order to qualify.
If you’re looking for a private student loan to pay for college, you might be wondering about Wells Fargo.
This large bank has many on-campus branches and offers up to a 0.50% discount on its private student loan interest rates.
This loan limit can be extended if you need to finance your graduate education, but it's still lower than many of the other banks and loan providers in our review.
For average student loans, you have 15 years to pay off your loan, though, per Wells Fargo representatives, the term can change depending on the loan terms.
The goal is to reduce the number of bills that you need to keep track of and reduce the total interest rate on your outstanding obligations.
These loans can be unsecured, meaning they’re guaranteed only by your promise to repay, or secured, meaning they’re tied to a physical asset – most often your home, but sometimes a retirement account, life insurance policy, car, or other valuable personal possession.
However, it’s worth comparing other private student loan options to make sure you’re getting the best possible rate.
Wells Fargo lends to undergraduate and graduate students, as well as to parents helping their kids pay for college.
Wells Fargo student loans can be used to pay for any eligible education-related expenses, including tuition, housing, books, a laptop, lab fees and more.