About Discover Student Loans
Since 2010, Discover Bank, which has been in business for more than a century, has provided private student loans to students attending more than 2,400 colleges and universities. Loans with fixed or variable interest rates can cover up to 100% of the cost of attending school.
One of the leading credit card issuers in the nation is Discover. However, Discover offers a wide range of other financial products, such as private student loans for students enrolled in undergraduate, graduate, MBA, health professions, law, residency and bar exam.
Explore is a great option if you need financial assistance to complete your degrees in the medical professions because depending on your program, you may be able to borrow up to the full cost of attendance. In addition, lenders offer no-cost options, which is unusual for private lenders, and incentives to achieve good grades and complete program you’ve chosen. However, Discover has strict payback conditions and may not be the best choice for all borrowers.
related: Discover Card Login
Discover Students Loans Login To My Account
Using Wbsite
- Visit to the official website at https://www.discover.com/student-loans/
- In the sign in section, enter user ID and password in the space
- Select “Log in” from the menu to finish
Promissory note: Debit cards cannot be used to pay for credit cards login. However, you can make electronic transfers to pay your credit card from a bank account linked to your debit card.
Reset Username Or Password Discover Students
- In the account sign on area, select the text with the link “Forgot User ID / Password?“
- Fill in the Last Name, Social Security Number and Date of Birth
- Click the continue button to complete the process
Register For A Private User
Are you thinking of applying for a loan at Discover Bank but don’t know how? Well, you can watch the video tutorial below to learn how to create a new DiscoverStudentLoans account directly on your mobile device.
- Name
- address
- Date of birth
- Social Security number
- Information about loans you currently own and wish to consolidate
- your current employment and income
- If you have co-signers on your application, they must provide the same information as you.
Why Use Discover Loans Logging
?
- Some loans start at $1,000. Help families bridge the gap between financial aid and individual school costs.
- Co-signatures are accepted. parents or grandparents frequently decide to cosigner’s student loan discoveries, which may entitle them to cheaper interest rate.
- Discover has no origination fees, application fees, or late fees.
- You may get a lower interest rate if you set up automatic payments. You may also qualify for a rate cut if you decide to pay the interest separately.
- If borrowers maintain a 3.0 GPA (or equivalent) or above for any term for which the loan they will be eligible for a one-time cash back award for each new Discover undergraduate and graduate student loan. Prize redemption period is time-limited.
- The majority of student credit card visa debt in the United States is federal debt; more than 92% of outstanding loans find students as federal debt. About 43 million borrowers are currently responsible for more than $1.6 trillion in federal student loan portfolios.
How Many Types Of Discover Loan Accounts
?
Discover offers several loans to students. In this section, we briefly introduce them and point out some of their key characteristics.
Undergraduate Loan
s
Undergraduate loans are an excellent option for anyone who needs a small supplement to a federal loan. If your credit score is high enough, you will not need a co-guarantor, and as with all other Discoverbank loan terms, there are no additional fees. While in school, you don’t have to commit to paying it back, but you can choose to pay it back by paying $25 a month.
- Fixed APR: 4.49% – 12.39%
- Variable APR: 1.24% – 10.99%
- Loan Amount: $1,000, not to exceed the total cost of attendance
- Loan term: 15 years
- Grace period: 6 months
- Credit Score: not disclosed. All loans are approved or rejected upon application.
Graduate Loan
s
This loan is primarily for students enrolled in specialized medical schools, law schools, and most types of doctorates. It can cover up to 100 % of the cost of education. These cards have slightly higher APR than undergrad loans, but they also include a 9-month grace period. While no guarantor is required, you generally need to have good credit to qualify for this loan
.
