Wells Fargo and Amazon say that members of the Amazon Prime Student program would get 0.5 percent off their interest rate on educational loans with the bank.
Amazon.com and Wells Fargo are rolling out an interesting perk for the students the tech giant wants to turn into lifelong Prime members: a discount on their student loans with the bank.
The two companies said Thursday that members of Amazon Prime Student would get a 0.50 percent reduction on the interest rate for their student loans.
“This is a tremendous opportunity to bring together two great brands,” said John Rasmussen, Wells Fargo’s head of Personal Lending Group, in a statement.
It appears Prime Student, which offers a 50 percent discount on the $99-per-year Prime membership, is becoming a popular platform for cross-promotion by companies seeking to capture the hearts of the young people.
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Currently, the Amazon website says a six-month free trial period for the Prime membership is courtesy of communications provider Sprint.