Wells Fargo is Not a Big Player in Student Loan Refis…Yet
Wells Fargo is one of the largest providers of private student loans but to date they have not done much in the refinancing space. SoFi was the first company to see the opportunity of refinancing student loans and have built a successful business around that product. Other companies like CommonBond, Laurel Road and Citizens Bank also have originated large numbers of refinanced student loans. But Wells Fargo is content, at least for now, to leave this market to others. Source.