Wells Fargo Student Loans -Wells Fargo 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 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.

Options to lower your interest rate⁴

For loans first disbursed on or after July 1, 2008:

0.50% rate reduction at repayment upon verification of graduation with the Wells Fargo Student Graduation Benefit^SM Program
0.25% interest rate reduction when we automatically withdraw payments from a personal checking or savings account⁵

Additional features and benefits

How much you can borrow

There’s no annual maximum — you can borrow up to the cost of education (tuition, books, etc.) minus other financial aid.²The aggregate loan limit is $120,000 including all other educational debt.

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.

Applying with a cosigner may help lower your interest rate.

Wells Fargo service

Loan specialists ready to help you
Free online account access, so it’s easy to pay your loan
One bank for all your financial needs

Who can apply

You must be an undergraduate or graduate student and:

Be enrolled and seeking a degree, license or multi-course certificate at an eligible school.
Be enrolled in an eligible program. (Students in allopathic or osteopathic medicine, or JSD, LLM, or JD law programs are not eligible, but may be eligible for other Wells Fargo loans.)
Have an established, positive credit history, an acceptable debt-to-income ratio, and a minimum income of $12,000 - or a cosigner who does.
Be a U.S. citizen, U.S. national, permanent resident alien without conditions, or international student who is a temporary resident alien with a current U.S. address and proper evidence of eligibility. For permanent and temporary resident aliens, a U.S. citizen cosigner is required.

Note: Most students will need to apply with a cosigner in order to meet our credit history, income and employment requirements.

¹Loan subject to qualification.

² The annual loan limit for temporary resident aliens is $25,000.
³Students 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.
⁴ Wells Fargo retains the right to discontinue or modify our rewards for future disbursements at any time without notice.
⁵ Reduced interest rate requires continued automatic payment from a personal checking or savings account. If the automatic payment is cancelled at any time after repayment begins, the discount will be lost until automatic payment is reinstated.

At Wells Fargo, we are committed to educating our customers about fraud and identity theft protection.
We encourage you to visit our Fraud Information Center.

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