2022 Bankrate Awards for Best Student Loans
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Student Loans
Opens in same windowFor college students seeking undergraduate degrees
Student Loans
Opens in same windowFor graduate students in master's and doctoral programs
Student Loans
Opens in same windowFor graduate students in health profession programs
Student Loans
Opens in same windowFor graduate students seeking master's degree in business school
Student Loans
Opens in same windowFor graduate students attending law school
Student Loans
Opens in same windowFor health profession students preparing for residency or internship
Student Loans
Opens in same windowFor law students preparing for bar exam
Student Loans
Opens in same windowFor consolidating your federal and private student loans
Student Loans
Opens in same windowFor Parents or other creditworthy individuals
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Up to 100% of school-certified college costs are covered. Aggregate loan limits apply.
That means no application, origination or late fees.
Get cash rewards for good grades. Plus a 0.25% rate reduction when you're enrolled in automatic payments.
All of our Student Loan Specialists are US-based. We're here anytime day or night to help you.
| Discover® | Sallie Mae | Citizens Bank | |
|---|---|---|---|
| Celebrates hard work with a cash reward for good grades1 | yes | no | no |
| Zero fees | yes | no | no |
| Customize your loan with rate and repayment options | yes | yes | yes |
| Offers a free search tool to find scholarships | yes | yes | no |
| Apply in minutes | yes | yes | yes |
We offer the following types of private student loans to help you cover up to 100% of tuition, housing, books and more. Aggregate loan limits apply.
To qualify for an undergraduate or graduate private student loan, you must
Click here for Parent Loan eligibility requirements.
Click here for Residency Loan eligibility requirements.
Click here for Bar Exam Loan eligibility requirements.
Click here for Consolidation Loan eligibility requirements.
Unsure of what to do after getting waitlisted? Learn how college waitlists work, how you could get off the waitlist, and what to do while waiting with help from Discover Student Loans.
Starting college can be intimidating. Learn some key skills needed for college that will make the transition to life on campus easier with Discover Student Loans.
The advertised interest rate for student loans can be confusing. Here are tips from Discover Student Loans that can help you compare interest rates.
Learn more about a communications major and if it's right for you. Find out details about a career in communications such as entry level jobs and salary ranges.
Make the most of your transfer student orientation with tips from Discover Student Loans. Learn about your resources and how to check on your financial aid.
Start your college roommate search with tips from Discover Student Loans. This guide covers your questions from finding a roommate to avoiding conflict.
Learn more about the CSS Profile along with the college requirements used to determine eligibility for institutional aid.
Learn how scholarships affect financial aid with help from Discover Student Loans.
Learn about the different federal student loan choices for college. Compare federal and private student loans and find the best loan for you.
Don’t let these FAFSA myths stop you from completing the application. You may be eligible for more financial aid than you think.
Students who get at least a 3.0 GPA (or equivalent) may qualify for a one-time cash reward of 1% of the loan amount on each new Discover undergraduate and graduate student loan. Reward redemption period is limited. Visit DiscoverStudentLoans.com/Reward for reward and redemption terms and conditions.
The fixed interest rate is set at the time of application and does not change during the life of the loan unless you are no longer eligible for one or more discounts. The variable interest rate and corresponding APR may increase over the life of the loan. The variable interest rate is calculated based on the 3-Month CME Term SOFR index plus the applicable margin percentage less any applicable discounts. The 3-Month CME Term SOFR index value for variable interest rate loans is X as of X. 3-Month CME Term SOFR is administered by CME Group and is published by CME Group on its website (cmegroup.com/termsofr). Discover Student Loans may adjust the variable interest rate quarterly on each January 1, April 1, July 1 and October 1 (each an “interest rate change date”), based on the 3-Month CME Term SOFR rate available for the day that is 15 days prior to the interest rate change date, rounded up to the nearest one-eighth of one percent (0.125% or 0.00125), or 0%, whichever is greater. This may cause the monthly payments to increase, the number of payments to increase or both. If the 3-Month CME Term SOFR rate is less than zero percent, then the index will be deemed to be zero percent (as stated in the promissory note) for purposes of calculating your interest rate. Your variable interest rate (index + margin – applicable discounts) will not exceed 18%. Our lowest APRs are only available to applicants with the best credit. The APR will be determined after an application is submitted. It will be based on credit history, the selected repayment option and other factors, including a cosigner’s credit history (if applicable). If a student does not have an established credit history, the student may find it difficult to qualify for a private student loan on their own or receive the lowest advertised rate. Learn more about Discover Student Loans interest rates.
Borrow responsibly. 1. Maximize grants, scholarships and other free financial aid. 2. Compare federal and private student loans. 3. Choose the loans that best fit your needs.
