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Your Wells Fargo Student Loans Have Been Sold – Heres What To Do Next The news came in late 2020: Wells Fargo was selling its $10 billion student loan division. But the results weren’t immediate. It took a couple of months for borrowers with existing student loans to be affected. As with any major change, borrowers are understandably worried about the transfer. Will their interest rates change? Will they have to pay the loan off sooner? Loan transfers are common If you’ve ever had a mortgage, you probably already know that loan transfers are common. In fact, the odds that you’ll have the same mortgage company throughout the life of your mortgage are pretty small. Wells Fargo sold its student loans to Firstmark , whose parent company, Nelnet , is well-established in ...