Discover Student Loans
Discover Student Loans

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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.

At Discover Student Loans, we believe in responsible borrowing and encourage students to maximize scholarships, grants and other free financial aid before taking loans. For students who need loans, we offer affordable private student loans to pay for college and graduate school. To prevent excessive borrowing, we certify and disburse all undergraduate and graduate loan amounts through the school.

We provide loans to students at over 2,400 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) qualify for a one-time cash reward on each new Discover undergraduate and graduate student loan. If you’re an incoming freshman, you may qualify for an additional reward on your first Discover student loan if your high school GPA is 3.0 or higher. Limitations apply.
  • Auto Debit Reward – Borrowers get a 0.25% interest rate reduction while enrolled in automatic payments.
  • Zero Fees – No loan application fees, no origination fees and no late fees.

Our knowledgeable Student Loans Specialists are ready to help you 24 hours a day, 7 days a week.

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

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