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Understand your interest rate options
Wells Fargo offers you the choice of variable and fixed interest rates.
Each option has unique advantages to consider before choosing your rate.
How are they different?
Variable interest rates
• Generally provide a lower initial rate than fixed rates
• The interest rate may increase or decrease over the life of the loan
• Monthly payments may increase or decrease over the life of the loan
Fixed interest rates
• The interest rate remains the same over the life of the loan
• Allow you to better predict how much total interest you’ll pay on your loan
• Monthly payments will remain the same over the life of the loan
Included are two Application Disclosures; one for the variable interest rate and one for the
fixed interest rate. The Application Disclosures will help you understand the terms of the loan program and
the cost of taking the loan.
Please review the pages carefully before choosing your interest rate.
Loans subject to qualification
Wells Fargo Education Financial Services is a division of Wells Fargo Bank, N.A. All rights reserved.
© 2016 Wells Fargo Bank, N.A. Equal Opportunity Lender. Rev. (05-2016)
W 03/31/2017 15:48:47
Page 1 of 8
This page has been deliberately left blank.
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Page 2 of 8
Wells Fargo Graduate
SM
Loan Application and Solicitation Disclosure
Education Financial Services
P.O. Box 5185
Sioux Falls, SD 57117-5185
1-800-658-3567
FAX: 1-800-456-0561
Loan Interest Rate & Fees
Your starting interest rate will be between
%
and
%
After the starting rate is set, your rate will then vary
with the market.
Your Starting Interest Rate (upon approval)
The starting interest rate you pay will be determined after you
apply. It will be based upon your credit history and other factors,
including cosigner credit and your/cosigner's relationship with the
Bank. If approved, we will notify you of the rate you qualify for
within the stated range.
Your Interest Rate during the life of the loan.
Your rate is variable. This means that your rate could move
lower or higher than the rates on this form. The variable rate is
based upon the Prime Rate (a publicly available interest rate we
use to set the variable rate). For more information on this rate,
see the Reference Notes.
Although your rate will vary, it will never exceed (the
maximum allowable for this loan).
Loan Fees
Application Fee: $ Origination Fee: The fee that we charge to make this loan is %.
Loan Guarantee Fee: % Repayment Fee: % Late Charge: $ Returned check charge: $
Loan Cost Examples
The total amount you will pay for this loan will vary depending upon when you start to repay it. This example provides
estimates based upon three (3) different repayment options available to you while enrolled in school.
Repayment Option
Amount Provided
(amount provided
directly to your
school)
Interest Rate
(highest
starting
possible rate)
Loan Term
(how long you have
to pay off the loan)
Total Paid over
years
(includes
associated fees)
1. DEFER PAYMENTS
Make no payments while enrolled in
school. Interest will be charged and
added to your loan
$ %
years
starting after the
deferment period
$
2. PAY ONLY THE INTEREST
Make interest payments but defer
payments on the principal amount
while enrolled in school
$ %
years
starting after the
deferment period
$
3. MAKE FULL PAYMENTS
Pay both the principal and interest
amounts while enrolled in school
$ %
years
starting after your
first payment
$
About this example:
The repayment example assumes that you remain in school for years and have a month grace period before
beginning repayment of the year repayment term. It is based on the highest starting rate currently charged and
associated fees.
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)
4.99
10.49
18%
0.00
0.00
0.00
28.00
0.00
15
10,000.00
10.49
15
25,097.40
10,000.00
10.49
15
22,509.00
10,000.00
10.49
15
19,886.40
2
6
15
W 03/31/2017 15:48:47 GRD APPL VAR/FX
Page 3 of 8
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
PERKINS
for Students % fixed
STAFFORD
for Students
% fixed Undergraduate subsidized
% fixed Undergraduate unsubsidized
% fixed Graduate unsubsidized
PLUS
for Parents % fixed
PLUS
for Graduate/Professional Students % fixed
You may qualify for Federal
education loans.
For additional information on
student loan options, contact
your school’s financial aid
office or the Department of
Education at:
www.federalstudentaid.ed.gov
Next Steps
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).
Reference Notes
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
this loan).
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.
SCRA Benefits:
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).
Bankruptcy Limitations:
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.
0.99
6.49
3.25
18
5.00
3.76
3.76
5.31
6.31
6.31
W 03/31/2017 15:48:47 GRD APPL VAR/FX
Page 4 of 8
Reference Notes Cont.
Military Annual Percentage Rate:
Federal law provides important protections to members of the Armed Forces and their dependents relating to
extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or
her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the
credit transaction or account: the costs associated with credit insurance premiums, fees for ancillary products sold in
connection with the credit transaction, any application fee charged (other than certain application fees for specified
credit transactions or accounts), and any participation fee charged (other than certain participation fees for a credit
card account).
Please Note: There ARE NO credit insurance premiums, fees for ancillary products (none are sold in connection
with this education loan), application fees, nor any participation fees applicable to your Wells Fargo private
education loan.
You may contact us at 1-866-380-1729 for information about the Military Annual Percentage Rate and/or your
payment schedule.
Cosigner Release:
A cosigner may be released from the loan if the borrower is a U.S. citizen and contacts Wells Fargo to request
release of the cosigner. At the time the borrower asks us to release the cosigner, all the following requirements
must be met: (1) the most recent 24 consecutive monthly payments were made on time including the first required
payment or, if the first required payment was not made on time, the most recent 48 consecutive monthly payments
were made on time (an “on time” payment is defined as paid within the grace period – no late charges assessed);
(2) no forbearances or modifications were granted for hardship reasons during those consecutive monthly payment
periods; and (3) the borrower meets a full credit and income evaluation.
Eligibility Criteria
Borrower/Cosigner:
Must be at the age of majority or older at the time of the application. The age of majority is 18 years old in all states
except Alabama and Puerto Rico. The age of majority in Alabama is 19. The age of majority in Puerto Rico is 21.
Most students will need a cosigner for this loan to meet underwriting requirements. Rates are typically higher
without a cosigner; however, cosigners are not required for qualifying student borrowers.
Borrower:
Must be enrolled as a graduate student at least part-time and earning a degree at an eligible school.
Must be a U.S. citizen, permanent resident alien without conditions, or a international student who is a temporary
resident alien with a current U.S. address and with proper evidence of eligibility. For permanent and temporary
resident aliens, a U.S. citizen cosigner is required.
Must be in good standing and making satisfactory academic progress in an eligible program.
More information about loan eligibility and repayment deferral options will be available in your Loan Request/
Consumer Credit Agreement.
Wells Fargo Education Financial Services is a division of Wells Fargo Bank, N.A.
© 2016 Wells Fargo Bank, N.A. Equal Opportunity Lender Rev. (05-2016)
W 03/31/2017 15:48:47 GRD APPL VAR/FX
Page 5 of 8
Wells Fargo Graduate
SM
Loan Application and Solicitation Disclosure
Education Financial Services
P.O. Box 5185
Sioux Falls, SD 57117-5185
1-800-658-3567
FAX: 1-800-456-0561
Loan Interest Rate & Fees
Your interest rate will be between
%
and
%
After the rate is set, it will be fixed for the entire
term of the loan.
Your Interest Rate (upon approval)
The interest rate you pay will be determined after you apply. It
will be based upon your credit history and other factors, including
cosigner credit and your/cosigner's relationship with the Bank. If
approved, we will notify you of the rate you qualify for within the
stated range.
Your Interest Rate during the life of the loan.
Your rate is fixed. This means that your interest rate will never
change during the life of your loan. For more information on this
rate, see the Reference Notes.
Your rate will not change after you are approved.
Loan Fees
Application Fee: $ Origination Fee: The fee that we charge to make this loan is %.
Loan Guarantee Fee: % Repayment Fee: % Late Charge: $ Returned check charge: $
Loan Cost Examples
The total amount you will pay for this loan will vary depending upon when you start to repay it. This example provides
estimates based upon three (3) different repayment options available to you while enrolled in school.
About this example:
Repayment Option
Amount Provided
(amount provided
directly to your
school)
Interest Rate
(highest
possible rate)
Loan Term
(how long you have
to pay off the loan
Total Paid over
years
)
(includes
associated fees)
1. DEFER PAYMENTS
Make no payments while enrolled in
school. Interest will be charged and
added to your loan
$ %
years
starting after the
deferment period
$
2. PAY ONLY THE INTEREST
Make interest payments but defer
payments on the principal amount
while enrolled in school
$ %
years
starting after the
deferment period
$
3. MAKE FULL PAYMENTS
Pay both the principal and interest
amounts while enrolled in school
$ %
years
starting after your
first payment
$
The repayment example assumes that you remain in school for years and have a month grace period before
beginning repayment of the year repayment term. It is based on the highest rate currently charged and associated
fees.
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)
7.24
12.14
0.00
0.00
0.00
0.00
28.00
0.00
15
10,000.00
12.14
15
28,368.00
10,000.00
12.14
15
24,800.70
10,000.00
12.14
15
21,765.60
2
6
15
W 03/31/2017 15:48:47 GRD APPL VAR/FX
Page 6 of 8
Federal Direct Loan Alternatives
Loan Program Current Interest Rates by Program Type
PERKINS
for Students % fixed
STAFFORD
for Students
% fixed Undergraduate subsidized
% fixed Undergraduate unsubsidized
% fixed Graduate unsubsidized
PLUS
for Parents % fixed
PLUS
for Graduate/Professional Students % fixed
You may qualify for Federal
education loans.
For additional information on
student loan options, contact
your school’s financial aid
office or the Department of
Education at:
www.federalstudentaid.ed.gov
Next Steps
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).
Reference Notes
Fixed Interest Rate:
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.
SCRA Benefits:
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).
Bankruptcy Limitations:
If you file for bankruptcy you may still be required to repay this loan.
More information about loan eligibility and repayment deferral options will be available in your Loan Request/
Consumer Credit Agreement.
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.
5.00
3.76
3.76
5.31
6.31
6.31
W 03/31/2017 15:48:47 GRD APPL VAR/FX
Page 7 of 8
Reference Notes cont.
Military Annual Percentage Rate:
Federal law provides important protections to members of the Armed Forces and their dependents relating to
extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or
her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the
credit transaction or account: the costs associated with credit insurance premiums, fees for ancillary products sold in
connection with the credit transaction, any application fee charged (other than certain application fees for specified
credit transactions or accounts), and any participation fee charged (other than certain participation fees for a credit
card account).
Please Note: There ARE NO credit insurance premiums, fees for ancillary products (none are sold in connection
with this education loan), application fees, nor any participation fees applicable to your Wells Fargo private
education loan.
You may contact us at 1-866-380-1729 for information about the Military Annual Percentage Rate and/or your
payment schedule.
Cosigner Release:
A cosigner may be released from the loan if the borrower is a U.S. citizen and contacts Wells Fargo to request
release of the cosigner. At the time the borrower asks us to release the cosigner, all the following requirements
must be met: (1) the most recent 24 consecutive monthly payments were made on time including the first required
payment or, if the first required payment was not made on time, the most recent 48 consecutive monthly payments
were made on time (an “on time” payment is defined as paid within the grace period – no late charges assessed);
(2) no forbearances or modifications were granted for hardship reasons during those consecutive monthly payment
periods; and (3) the borrower meets a full credit and income evaluation.
Eligibility Criteria
Borrower/Cosigner:
Must be at the age of majority or older at the time of the application. The age of majority is 18 years old in all states
except Alabama and Puerto Rico. The age of majority in Alabama is 19. The age of majority in Puerto Rico is 21.
Most students will need a cosigner for this loan to meet underwriting requirements. Rates are typically higher
without a cosigner; however, cosigners are not required for qualifying student borrowers.
Borrower:
Must be enrolled as a graduate student at least part-time and earning a degree at an eligible school.
Must be a U.S. citizen, permanent resident alien without conditions, or an international student who is a temporary
resident alien with a current U.S. address and with proper evidence of eligibility. For permanent and temporary
resident aliens, a U.S. citizen cosigner is required.
Must be in good standing and making satisfactory academic progress in an eligible program.
More information about loan eligibility and repayment deferral options will be available in your Loan Request/
Consumer Credit Agreement.
Wells Fargo Education Financial Services is a division of Wells Fargo Bank, N.A.
© 2016 Wells Fargo Bank, N.A. Equal Opportunity Lender Rev. (05-2016)
W 03/31/2017 15:48:47 GRD APPL VAR/FX
Page 8 of 8
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