Amazon Offers Student Loan Discount

Amazon.com is partnering with Wells Fargo to offer college students loans at a lower interest rate. If a student is using Wells Fargo for his or her student loan and is a member of Prime Student, a 0.5 percent interest rate will be discounted from the loan. Prime Student is $49 a year instead of Amazon Prime’s regular $99 price tag. This deal is good for both new loans and loan refinancing.

Total Retail’s Take: Amazon.com is everywhere — in your phone, your home and now your finances. Students loans are expensive, so any discount is helpful to a college student. It’s great that Amazon is able to help people better themselves. The retailer has come a long way from being an online book store.