Wells Fargo Collegiate® Loan
| Collegiate Loan |
| Why students choose this loan | |
|---|---|
| Cover your education costs | Many students find that federal loans aren’t enough to cover their education costs. If you've received all the federal loans you're eligible for and still don't have enough, you can use a Wells Fargo Collegiate Loan1 to borrow up to the entire cost of your education.2 |
| No fees | No origination, disbursement, or early payment fees. Unlike some other lenders, we don’t deduct anything from the amount you borrow. |
| No payments until you leave school | No payments are due until six months after you leave school.3 And if you’re ever having trouble making payments, we offer ways to lower or postpone your payments. |
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| Additional features and benefits | |
|---|---|
| How much you can borrow per year | There’s no annual maximum — you can borrow up to the cost of education (tuition, books, etc.) minus other financial aid.2 |
| The loan money goes to your school | Your financial aid officer will certify the loan amount you are eligible for. In most cases, we send the loan money directly to your school (typically twice a year). You can use any money left over after paying for tuition for your other education-related expenses, such as room and board or books. |
| Competitive annual percentage rate (APR) | Variable APR, based on credit. Lower your interest rate when you pay responsibly. |
| Expert Wells Fargo service | Unlike other lenders, we don’t sell your loan, so you get:
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| Who can apply | Looking to qualify without a cosigner? See if you're eligible. You must be seeking a degree and meet other eligibility requirements. |
| Collegiate Loan |
1 Loans subject to qualification.
2 The annual loan limit for temporary resident aliens is $25,000.
3 Students make no payments while in school; repayment begins six months after you graduate or leave school. The maximum in-school period is seven years after the date of first disbursement..
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