More information about loan eligibility and repayment deferral options will be available in your Loan Request/
Consumer Credit Agreement.
Federal Direct Loan Alternatives
Loan Program Current Interest Rates by Program Type
for Students % fixed
% fixed Undergraduate subsidized
% fixed Undergraduate unsubsidized
% fixed Graduate unsubsidized
for Parents % fixed
for Graduate/Professional Students % fixed
You may qualify for Federal
For additional information on
student loan options, contact
your school’s financial aid
office or the Department of
1. Find Out About Other Loan Options
Some schools have school-specific student loan benefits and terms that are not detailed on this form. Contact your
school’s financial aid office or visit the Department of Education’s website at www.federalstudentaid.ed.gov for more
information about other loans.
2. To Apply For This Loan, Complete the Application
If you are approved for this loan, the loan terms will be available for 30 days (terms will not change during this period,
except as permitted by law and the variable rate may change based on the market).
Variable Interest Rate:
This loan has a variable interest rate that is based on a publicly available index, the Prime Rate. Your rate will be
calculated each month by adding a margin between % and % to the Prime Rate. The Index (which
is the Prime Rate) is subject to a contractual minimum of %.
The rate will not increase more than once a month and will never exceed % (the maximum allowable for
Wells Fargo Relationship Discount - The Wells Fargo Relationship Discount will apply if one or more persons
signing the Loan Request/Consumer Credit Agreement have a Qualified Relationship on the day we send you the
Final Disclosure. A “Qualified Relationship” means the Student Borrower or Cosigner meets one or more of the
following criteria: (1) has a qualifying Wells Fargo consumer checking account, (2) has a prior student loan (federal
or private) made by Wells Fargo, or (3) is currently employed by Wells Fargo. If you are unsure, we can tell you the
name(s) of your specific Qualified Relationship(s). If the Qualified Relationship is not maintained, the Wells Fargo
Relationship Discount will not be terminated and your interest rate will not increase. More details about the
Relationship Discount are in the Loan Request/Consumer Credit Agreement. Deposit products offered by Wells
Fargo Bank, N.A. Member FDIC.
Under the Servicemembers Civil Relief Act (SCRA) interest rate reductions are available only if a loan is entered
into before your active military service. However, some state laws require the application of SCRA benefits
regardless of when the obligation was originated (pre- or post-active duty).
If you file for bankruptcy you may still be required to repay this loan.
Wells Fargo Education Financial Services is a division of Wells Fargo Bank, N.A. See next page for important information
© 2016 Wells Fargo Bank, N.A. Equal Opportunity Lender Rev. (05-2016)
and the Borrower Self-Certification Form.
The certification form can be
obtained from the school's financial aid office.
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