Amazon
enters the
student loan business
Next time you're ordering your textbooks from Amazon, you can also order a
student loan.*
Amazon is entering the private
student loan business through a partnership with Wells Fargo.
Wells Fargo's
student lenders will offer a 0.5 percent interest rate discount to members of Prime Student, Amazon's half-price version of Prime for college students.
Amazon already offers small
business loans through
Amazon Lending, the invitation-only
loan program for third-party sellers it launched in 2012. But this will be the company's first involvement in the
student loan market.*
The interest rate discount will be available for all Wells Fargo
student loans, including both new loans and
loan refinancing.*
Read more...
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