Both regulators methods facing Wells Fargo are an effective Us Company out of Justice (DOJ) settlement agreement to have $dos

09 billion and a settlement into the Maryland Attorney General for $20 million , for both so-called means one to triggered the newest subprime financial drama one to occurred ranging from 2005 and you can 2009. Such allegations did not include any activities related to college student lending practices, but not.

Wells Fargo: Possible Benefits to own Individuals

If you don’t have a private education loan that have Wells Fargo, the choice is starting to become closed to you personally, since discussed a lot more than. Although not, when you yourself have a current education loan with them and have now appreciated the action so far, you can nonetheless take out most student loans for many a great deal more weeks.

Wells Fargo: Potential Cons to possess Borrowers

As mentioned, it looks of numerous users had negative experiences which have Wells Fargo, although this is untrue for everybody. not, now, part of the drawback is you will not to able to track down individual student loans of Wells Fargo having much longer.