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  Wells Fargo Collegiate Loan

Wells Fargo Collegiate Loan

in Private Student Loans from Wells Fargo Bank

Unaffiliated

Wells Fargo Collegiate Loan

Unaffiliated

in Private Student Loans from Wells Fargo Bank

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Strongly not recommended

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Highlights
Highlights
Community Rating Strongly not recommended
Fixed APR 5.94% - 11.26%
Variable APR 5.03% - 10.92%
Loan Amount $1,000 - $250,000

Wells Fargo Collegiate Loan Review

Wells Fargo Collegiate Loan is a private student loan offering by Wells Fargo Bank, a bank based in San Francisco, CA. Founded in 1852, Wells Fargo Bank offers student loans in 50 states (and Washington, DC).

What rates does Wells Fargo Collegiate Loan offer for in-school private student loan?

Wells Fargo Collegiate Loan has a variable APR that ranges from 5.03% up to 10.92%.

It offers a fixed APR that ranges from 5.94% up to 11.26%.

Many students have little or no credit history when they start college. By having a parent or other creditworthy individual cosign the loan, the student may improve their chance of approval or qualify for lower interest rates.

How much can you borrow from Wells Fargo Collegiate Loan?

Available loan amounts may vary by applicant but Wells Fargo Collegiate Loan has a minimum loan amount of $1K and offers loans up to $250K.

Does Wells Fargo Collegiate Loan charge an origination fee?

No, Wells Fargo Collegiate Loan does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees..

Does Wells Fargo Collegiate Loan charge prepayment fees?

No, Wells Fargo Collegiate Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

What terms does Wells Fargo Collegiate Loan offer?

Wells Fargo Collegiate Loan provides repayment terms ranging from 5 to 15 years.

What type of borrowers will Wells Fargo Collegiate Loan consider?

Wells Fargo Collegiate Loan considers loans applications from:

  • undergraduate students
  • graduate students
  • parents of students

What do you need to qualify for a loan with Wells Fargo Collegiate Loan?

Applicants with a credit score of at least 650 can apply for a loan via Wells Fargo Collegiate Loan.

Note that borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.

Wells Fargo Collegiate Loan only considers borrowers who are employed.

U.S. citizens, permanent residents, and non-residents can all apply for a Wells Fargo Collegiate Loan loan.

To qualify, applicants may need to provide the following documentation:

  • Driver's license
  • Proof of citizenship or residence permit
  • Proof of income
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    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 50 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Interest Grace Period for Late Payment 6
    No Origination Fee  
    No Prepayment Fee  
    Late Fee Amount $28
    Cosigner Optional  
    Credit Score Range 650 - 850
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    • Non-Resident
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Verification Documents Required
    • Proof of Income
    • Proof of Residence
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Variable APR 5.03% - 10.92%
    Loan Amount $1K - $250K
    Loan Term 5 - 15 years
    Fixed APR 5.94% - 11.26%
    Up to Cost of Attendance  

    Wells Fargo Collegiate Loan Community Reviews

     
     

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