Wells Fargo, Amazon end deal to offer discounted student loans

(Reuters) – Wells Fargo & Co and Amazon.com Inc said they had ended a partnership to offer discounted student loans to the online retailer's "Prime Student" customers, about six weeks after announcing the deal. Under the deal announced on July 21, Wells Fargo had agreed to shave half a percentage point from its interest rate on student loans to Amazon "Prime Student" subscribers, who also get benefits such as free two-day shipping and access to movies, television shows and photo storage. "That promotion for Prime Student members has ended," a Wells Fargo spokeswoman said on Wednesday.

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