Discover Bank Student Loans review

Updated

Education at the world's best colleges and universities is often not free and involves a large investment for parents and children. Since federal aid is sometimes not enough, Discover Bank has created student loans with fixed and variable rates, rewards and to meet your academic needs.

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General
APR: 5.24%
Interest: 5.24%
Loan commissions
Study commission: 0%
Opening commission: 0%
Commission for advance payment: 0%
Loan limits
Minimum amount: Consult
Maximum amount: Consult
Minimum of months: Consult
Maximum of months: Consult

Student Loans Info

The first thing you should know about Discover Bank student loans is that they cover different categories.

You can apply for a loan as an undergraduate, graduate, resident, health professional, MBA student, for the BAR exam, and even in the name of your parents or representatives. In all cases, the terms work the same way.

Discover Bank student loansAlso, these loans are characterized by covering 100% of the certified costs for the college of your choice.

It is a financing that does not have any additional fees, that offers you a reduction of 0.25% if you use the automatic payment option and you have 24/7 attention from advisors who live in the United States.

If you choose the fixed interest rate, it will not change for the duration of the student loan. On the other hand, the adjustable rate is calculated based on the SOFR Index every 3 months plus a percentage margin.

Discover digital bank student loans also reward good academic performance. Students who achieve a 3.0 GPA or higher can earn a cash reward in the undergraduate and graduate categories.

In addition, freshmen who are pursuing a bachelor's degree can earn an additional reward if they maintain these grades.

Discover student loans help you cover the cost of your education. If you want to know about other alternatives, you can use Busconomico's loan finder.

For example, with us you can read reviews of students loans from Citizens Bank and Regions Bank among others.

Español: Préstamo para estudiantes Discover