Wells Fargo Education Financial Services, the nation’s largest private student lender amongst U.S. commercial banks, and Amazon.com, today announced a new interest rate discount for Amazon Prime Student customers who apply for any of Wells Fargo’s private student loan products.

“We are focused on innovation and meeting our customers where they are – and increasingly that is in the digital space,” said John Rasmussen, Wells Fargo’s head of Personal Lending Group. “This is a tremendous opportunity to bring together two great brands. At Amazon and Wells Fargo, delivering exceptional customer service and helping customers are at the center of everything we do.”

The 0.50 percent interest rate discount being offered by Wells Fargo to Amazon Prime Student customers can also be added to a 0.25 percent interest rate reduction for enrolling in an automatic monthly loan repayment plan from Wells Fargo and any interest rate discount tied to a Wells Fargo global promotion.

Amazon Prime Student gives college students unlimited Free Two-Day Shipping on more than 30 million items, and special offers and promotions created just for students. Students can sign up for a six-month, sponsored trial of Amazon Prime Student to access these benefits, plus unlimited streaming of tens of thousands of movies and TV shows with Prime Video and free unlimited photo storage with Prime Photos. After that it’s just $49 a year—half the price of a regular Amazon Prime membership—and includes over a million songs with Prime Music and one free pre-released book a month with Kindle First.

In addition to offering interest rate discounts, Wells Fargo has also developed free online resources to help students and families prepare, plan, and finance their higher education, which include: Five Steps To Paying For College; Wells Fargo College Planning Blog; CollegeSTEPS; CollegeSTEPS Magazine; Private Student Loan Calculator; and Get College Ready.

About Wells Fargo Education Financial Services

Wells Fargo Education Financial Services has been in the student lending business since 1968 and currently serves more than 1.05 million student, parent and family customers in all 50 states. Wells Fargo provides private student loans directly to consumers, through the Internet and at more than 6,000 Wells Fargo banking stores to help customers finance their education. Wells Fargo Education Financial Services also provides customers with tools to help them succeed financially while in school and prepare them for when they finish college. Through the Wells Fargo Foundation, we partner with nonprofit organizations and stakeholders to strengthen our goal of providing high quality assistance to those individuals who are working to achieve their educational dreams. Learn more about Wells Fargo Education Financial Services.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,800 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.