Amazon and Wells Fargo Education Financial Services this week suddenly ended a partnership to offer low-cost loans to college students, less than six weeks after announcing the program. Wells Fargo, the largest lender of private student loans among all U.S. commercial banks, had offered a 0.50 percent discount to Amazon Prime Student customers under the partnership. They were eligible for an additional 0.25 percent rate reduction if they enrolled in the bank’s automatic monthly loan repayment plan.
When these businesses whom we have been trusting for years start to go rouge, government should do lot more then just a slap in the back. If not, these businesses as well as the country will roll into an economic decline to 3rd world level. Please leave politics out of this serious issue.
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Amazon Drops Wells Fargo Student Loan Program Like Hot Potato
Posted by: David Jones September 9, 2016 03:20 PMAmazon and Wells Fargo Education Financial Services this week suddenly ended a partnership to offer low-cost loans to college students, less than six weeks after announcing the program. Wells Fargo, the largest lender of private student loans among all U.S. commercial banks, had offered a 0.50 percent discount to Amazon Prime Student customers under the partnership. They were eligible for an additional 0.25 percent rate reduction if they enrolled in the bank’s automatic monthly loan repayment plan.