Amazon enters the student loan business

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Amazon enters the student loan business

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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