Doubling up on your discounts

I love a good bargain. I’m in awe of those “extreme couponers” who can somehow save hundreds of dollars on groceries. I think part of the trick is taking advantage of “double coupon” days at certain grocery stores. I clip coupons once in awhile and I think I’m doing well if I save a total of $5 or $10 dollars at a time—it would be nice to take advantage of double coupons, but unfortunately my area grocery stores don’t offer them.

Doubling up the grocery savings is great, but what if you could do it for your student loans as well? Sound interesting? It is.

Right now, Wells Fargo is offering different discounts on the interest rate you pay for your student loan! For example, if you take out a new student loan, we’ll give you an interest rate discount if you have a qualifying Wells Fargo checking account.

That’s a pretty good deal on its own, but this summer we’re offering an even better deal: When you take out a new Wells Fargo student loan, we’ll double the discount you get for a having that Wells Fargo checking account.

Here’s how it works: Let’s say you take out a student loan for this coming fall semester. If you have a qualifying Wells Fargo Checking Package® checking account, we’d offer you a 0.25% discount on your interest rate, but during our Double Discount promotion that discount doubles to 0.50%. And if you have a qualifying Wells Fargo PMA® account, your interest rate discount doubles from 0.50% to 1.00%.

Just like those grocery store coupons, though, our Double Discount deal does have an expiration date—it’s only available from now through September 30, 2012.

About Caroline Hanson

Caroline is a communications consultant for Wells Fargo Education Financial Services. Although she has been known to forget her own ZIP code, she has memorized the lyrics to every bad 1970s pop song ever written. Unfortunately, she also loves karaoke. Caroline spends her spare time at Target®. She also likes biking slowly and has participated in RAGBRAI. Caroline is a graduate of Iowa State University and has worked in journalism and public relations for the past 14 years. She lives in Iowa with her husband and has a 19-year-old stepdaughter and 2-year-old son.
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One Response to Doubling up on your discounts

  1. wendy says:

    is this only for new student loans or exsisiting loans also?

The Student LoanDown

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