Yes, you read that right. Amazon is getting into the student loan business. Wells Fargo (NYSE: WFC) announced Friday that it has partnered with Amazon (NASDAQ: AMZN) to make private student loans available to Amazon's Prime Student members. Prime Students will get a 0.5% discount on their interest rate and qualify for a 0.25% rate reduction for enrolling in automatic payments. For Amazon, this is about convincing more students to sign up for Prime, which at $49 a year is half the price of regular…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/07/22/amazon-gets-into-the-student-loan-business-in-deal.html?ana=RSS%26s=article_search
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