About Discover^® Student Loans

Discover Student Loans are made by Discover^® Bank, a trusted financial institution for 100 years. Discover Bank offers a variety of financial products, including FDIC-insured savings accounts, credit cards, personal loans and student loans.

Discover Student Loans believes in responsible borrowing and encourages students to maximize scholarships, grants and other free financial aid before taking private loans. For students who need to borrow, we advise them to compare federal and private student loans to find the loans that best fit their needs. To prevent excessive borrowing, we certify and disburse all undergraduate, graduate and parent loan amounts through the school.

We provide loans to students at colleges and graduate schools across the country to help them cover up to 100% of school-certified costs. Aggregate loan limits apply. We also provide post-graduate loans for law students and health professions students as well as private consolidation loans. 

We offer these benefits throughout the life of the loan:

• Cash Reward for Good Grades – 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 reward and redemption terms and conditions.
• Auto Debit Reward – Borrowers get a 0.25% interest rate reduction while enrolled in automatic payments.
• Zero Fees – No application fee, origination fee or late fees.

Our knowledgeable Student Loan Specialists are ready to help you 24/7.

In 2010, Discover Bank acquired The Student Loan Corporation, increasing Discover's commitment to offering affordable private student loans.