Discover Student Loans
Discover Student Loans

Multi-Year Option

You may be eligible to pre-qualify now for future undergraduate loans.

Get Started

Cover college costs now and later

Peace of Mind

Freedom to focus on your studies knowing you’re pre-qualified for future loans.
Zero Fees

Simple Process

When you're ready to apply for another loan, your paperwork will be pre-filled.
Valuable Rewards

No Credit Impact

If approved, your application for the next academic period won't impact your credit score.

How the Multi-Year Option works

1

Apply for a loan

Complete the application process with a creditworthy cosigner.

2

Confirm eligibility

If eligible, you will find out if you are pre-qualified for future loans during the application process.

3

Pursue your degree

Apply for your next loan with pre-filled paperwork and no impact to your credit, if approved.

Frequently asked questions

Figuring out how to pay for a college degree can be overwhelming. With our Multi-Year Option, eligible borrowers may be pre-qualified for undergraduate loans to help cover future academic periods.

When it comes time to apply for another loan at DiscoverStudentLoans.com: 

  • The borrower must apply with the same cosigner, attend the same school, and be working toward the same undergraduate degree.
  • The borrower and cosigner will need to pass a credit review.
Nope. Just start the process for your current student loan application. We’ll let you know if you are eligible. When it’s time to apply for another student loan, you’ll experience a hassle-free process with paperwork already pre-filled.

To remain pre-qualified for the Multi-Year Loan Option for future loans, you must apply with the same cosigner, attend the same school, and be working toward the same undergraduate degree. Approval of future loans and interest rates offered will be based on our credit criteria and interest rates at the time you apply. Aggregate loan limits apply. We may discontinue the Multi-Year Option at any time.