U.S. News

Actions

An Amazon Prime Subscription Could Get You A Discount On Student Loans

Wells Fargo has partnered with the Prime subscription service specifically for students.
Posted at 11:08 PM, Jul 21, 2016
and last updated 2016-07-21 23:08:00-04

If you're in college or have recently graduated, chances are you have student loans.

Now, students can look to Amazon Prime for some financial support. 

SEE MORE: Now You Don't Have To Make A Yearlong Commitment To Amazon Prime

Wells Fargo has partnered with the Prime subscription service specifically for students. Students with the service will be offered a 0.5 percent discount on their interest rates for private Wells Fargo loans.

Wells Fargo said in a press release, "We are focused on ... meeting our customers where they are – and increasingly that is in the digital space."

And it could also be beneficial for Amazon, since the discount could increase Prime Student subscriptions. Students with an eligible .edu email address can get six months of the service for free, and then if they continue the streaming/shipping service, they can get a discounted rate after that.

The Wall Street Journal reports the discount will also be available to those who want to refinance their loans.

This video includes an image from Getty Images and clips from Amazon and Wells Fargo. Music provided courtesy of APM Music.