Wells Fargo No Longer Offers Student Loan Refinancing and Private Student Loans

Wells Fargo stopped refinancing student loans and offering private student loans on Jan. 28, 2021.

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Updated
Profile photo of Anna Helhoski
Written by Anna Helhoski
Senior Writer
Profile photo of Des Toups
Edited by Des Toups
Lead Assigning Editor
Fact Checked

Wells Fargo is no longer issuing student loans.

Wells Fargo stopped offering private student loans and refinancing student loans after Jan. 28, 2021.

Wells Fargo is selling and transferring all existing student loans, which means it will no longer service private or refinancing loans. All loans are being transferred to Firstmark, a division of Nelnet. Borrower should continue making payments on loans as they normally would.

If you need to refinance your existing student loans or borrow money for college, here's are your other options.

Top Private Student Loan Lenders

Ad

Best Private Student LoanOverall

5.0

/5

NerdWallet rating

Fixed APR

3.59-17.99%

Variable APR

5.34-17.99%

Min. credit score

Mid-600s

on College Ave's

4.5

/5

NerdWallet rating

Fixed APR

3.49-15.49%

Variable APR

5.04-15.21%

Min. credit score

Mid-600's

on Sallie Mae's

on Credible

Find student loan refinancing

If you're looking to refinance student loans, use our student loan refinance calculator to compare lenders and find the right one for you:

Or compare student loan refinance lenders by category:

Find a private student loan

Before you take out a private student loan exhaust your federal student loan options first. Submit the FAFSA to apply.

Compare private student loan options to make sure you’re getting the best rate you qualify for. In addition to interest rates, look at lenders’ repayment alternatives and the flexibility they offer to borrowers who struggle to make payments. You may also consider other lenders that don’t require co-signers.

Find the best student loan for you

Get pre-qualified in just 3 minutes with Credible
Check multiple student loan lenders to get accurate, pre-qualified rates with no impact to your credit score.

Powered by

Student loan refinancing from our partners

SoFi Student Refinancing logo
Check Rate

on SoFi

SoFi

4.5

NerdWallet rating 
SoFi Student Refinancing logo

4.5

NerdWallet rating 
Fixed APR 

3.99% - 9.99%

Min. credit score 

650

Check Rate

on SoFi

Earnest Student Loan Refinance logo
Check Rate

on Earnest

Earnest

5.0

NerdWallet rating 
Earnest Student Loan Refinance logo

5.0

NerdWallet rating 
Fixed APR 

3.95% - 8.99%

Min. credit score 

650

Check Rate

on Earnest

Splash Financial Student Loan Refinance logo
Check Rate

on Splash Financial

Splash Financial

5.0

NerdWallet rating 
Splash Financial Student Loan Refinance logo

5.0

NerdWallet rating 
Fixed APR 

5.94% - 8.95%

Min. credit score 

650

Check Rate

on Splash Financial

MORE LIKE THISLoansStudent loans
Spot your saving opportunities
See your spending breakdown to show your top spending trends and where you can cut back.