Amazon is one of the largest retailers in the world with a market value of more than $250 billion. One reason for that huge number is quite simple: People love Amazon.
Free shipping. Unlimited photo storage. A huge catalog of movies and TV shows to stream. Millions of songs available for download ... loads of eBooks too. Those are just a few of the benefits that come with being an Amazon Prime member.
On top of that, there's a program called Amazon Student where college students can use their .edu email address to get a six-month trial of Amazon Prime for free. Amazon Student offers a lot of the same perks as a regular Prime membership, but there are also additional benefits, which now include being able to take out a student loan.
Amazon has teamed up with Wells Fargo to offer Amazon Student members a lower interest rate, by about half of a percentage point. For example, a spokesman for Wells Fargo confirmed to Venture Beat that a student who would normally qualify for a 3.38 percent rate would get a 2.89 percent rate, just for being an Amazon Student member.
What will Amazon think of next?