It could push private student loan rates down but still won’t offer the important consumer protections of federal student loans
Update: Amazon and Wells Fargo ended their student loan partnership on Aug. 31, about a month after the agreement was announced. Here are the details.
The news that Amazon, in partnership with Wells Fargo, has begun offering private student loans is a provocative development for the captive American student loan market now roughly 42 million strong and $1.3 trillion in debt. Continue reading What Amazon’s Move Into Student Loans Could Mean for Borrowers