Through a partnership with Wells Fargo, Amazon is making its debut in the private student loan business by offering a 0.5 percent interest rate discount to all members of Prime Student. The special discount program for students is offered to college attendees at a lower rate than regular Prime. If you're currently going through Wells Fargo for your own student loans, you can take advantage of the upcoming deal for new loans and loan refinancing as well.
This isn't the company's first foray into the world of loans, but it will be the first when it comes to the educational realm. If this is something that interests you and college is in your future, you can go ahead and sign up for Prime Student, which will run you $49 a year in contrast to the regular program's $99 price tag.