Wells Fargo & Company is a nationwide, diversified financial services company with over $1.7 trillion in assets. Wells Fargo is highly ranked in terms of assets among U.S. banks and in terms of market capitalization value. The bank was founded in 1852 and provides banking, insurance, investments, mortgages, and consumer loans. It is also a leading provider of student loans. Wells Fargo & Company has its headquarters in San Francisco. It has an A- rating with the BBB and four stars with Bauer Financial.
Wells Fargo offers three main types of student loans: undergraduate loans, graduate loans and student loans for parents of students.
Wells Fargo student loans fund up to 100% of eligible school expenses and you don’t have to pay a dime while you are in school. In fact payments don’t start until 6 months after leaving school. Students who wish to do so can choose to start repaying the loan immediately to reduce payments in the long run.
Rates vary depending on -- among other things -- your creditworthiness and the type of loan you choose.
Students and parents can earn a discount of 0.25% if they already had a student loan or other qualifying account and an additional discount of 0.25% if they enroll in automatic payments.
Wells Fargo provides students and parents of students with as much as they need toward education costs, not including other available aid.
Which States Does Wells Fargo Operate In?
Wells Fargo operates in all 50 states.
Applicants must be enrolled in an eligible college or university. They must be studying full or part time, be a US citizen or a permanent resident. In cases where the borrower does not have a good credit score, sufficient income or an established credit history, it may be necessary to have a cosigner to qualify for a loan.
All borrowers must complete an application, provide supporting documentation and sign loan documents to receive their funds.
When completing an application borrowers will need to have the school information (name, grade, major and school term), Social Security number, contact information, gross income information and loan amount.
Wells Fargo is one of the largest banks in the world. It provides competitive rates, flexible terms and smooth application process. If a borrower falls into financial difficulties there is the option of requesting interest-only payments for up to 48 months. There is also the option to receive rate discounts for having other accounts with Wells Fargo or enrolling in automatic payments.