The company was formed in 1852 to provide banking services to developing territories in the West, and, nine years later, the “Pony Express” mail service between the country’s eastern and western shores.In 1905, Wells Fargo’s lone bank in San Francisco separated from the express service, and by the 1970s a network of Wells Fargo banks served the northern California region.
Instead, private student loans are issued like other loans – often requiring comprehensive credit checks for student applicants.
Students who have a number of student loan payments can benefit from Wells Fargo student loan consolidation program.
These financial aid programs allow students to simplify their different payments into a single payment.
Public and private student loans have been on the scene for decades; helping countless college-aged borrowers earn academic degrees.
A recent shift in federal policy changes the way some loans are administered, including perennial Stafford Loans.