Wells Fargo Student Loans - Federal Stafford Loan for Undergraduates

Why students choose this loan

It’s one of the most affordable options

The Federal Stafford Loan is the most affordable student loan Wells Fargo offers, and almost everyone qualifies for some aid.¹

If you need to supplement your federal loans to cover the entire cost of education, you may also apply for one of our private loans.

Low fixed interest rate

For loans disbursed to an undergraduate student on or after July 1, 2008:
Subsidized Stafford: 6.0% fixed interest rate
Unsubsidized Stafford: 6.8% fixed interest rate

No payments until you leave school

No payments are due until six months after you leave school or drop to less than half-time status.

And if you’re having trouble making payments, we offer ways to lower or postpone your payments.

Additional features and benefits

How much you can borrow per year²

You can qualify for subsidized and unsubsidized loans:

Dependent Students

Year 1: $5,500 (no more than $3,500 can be subsidized)
Year 2: $6,500 (no more than $4,500 can be subsidized)
Years 3-5: $7,500 per year (no more than $5,500 can be subsidized)

Independent Students (and dependents whose parents are unable to borrow the Federal PLUS Loan)

Year 1: $9,500 (no more than $3,500 can be subsidized)
Year 2: $10,500 (no more than $4,500 can be subsidized)
Years 3-5: $12,500 per year (no more than $5,500 can be subsidized)

Need more? You can also apply for one of our private loans.

Fees

For loans guaranteed on or after July 1, 2008:

1% origination fee

1% federal default fee

Wells Fargo service

Student Loan Specialists ready to help you
Free online account access
One bank for all your financial needs

How the process works

If you are seeking a degree; enrolled at least half-time at an eligible school; and a U.S. citizen, national, or permanent resident alien:

Complete the FAFSA as soon after January 1 as possible.
Schools who accept you will send financial aid packages with the amount you qualify for.
Let your school know that you want to use Wells Fargo as your lender and apply for the Federal Stafford Loan.

1. Wells Fargo offers federal student loans to select eligible schools. Wells Fargo will continue to serve our existing federal student loan customers who attend schools which may no longer be eligible under Wells Fargo's policies. Customers must meet qualification criteria and all loans are subject to approval.
2. Students not eligible for a subsidized Federal Stafford Loan may receive the "Total" amount in an unsubsidized Federal Stafford Loan.

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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