Reviews (US)
Discover Student loans full review
Get up to 100% of your college expenses covered with flexible terms and no fees. Check out how it is possible by reading this Discover Student loans review article!
Discover Student Loans: flexible terms with no fees!
Discover features private student loans for undergraduate, graduate, and post-graduate students who need help to pay for college. Also, it offers parent and consolidation loans with the possibility to lower rates with an auto-debit reward that works as discounts. Plus, you can earn a 1% cash reward for good grades if you manage to get at least a 3.0 GPA in college or graduate school. Learn all about how it works by reading this Discover Student loans review!
| APR | Variable: 1.29% – 10.59% Fixed: 3.99% – 11.59% (undergraduate rates with auto-pay reward) |
| Loan Purpose | Education (undergraduate, graduate, MBA, Health Profesions and Law, Post graduate, Parents, and consolidation) |
| Loan Amounts | From $1,000 |
| Credit Needed | Not disclosed |
| Terms | Up to 20 years |
| Origination Fee | None |
| Late Fee | None |
| Early Payoff Penalty | None |
How to apply for Discover Student loans?
Cover up to 100% of your college expenses with a Discover Student loan! Learn how to apply for it and get all the benefits.
How do the Discover Student loans work?
Discover Student loans feature loans or educational purposes. That are no application, origination, late, or prepayment fees of any kind.
Furthermore, you can get up to 100% covered of your school-certified college expenses. And you won’t be left alone during the process since it provides tools and a US-Based Loan Specialist to help you anytime you need.
Moreover, you can customize the loan with flexible terms of up to 20 years and affordable rates as you want.
So, let’s take a tour of the loans offered:
- Undergraduate Students loans: with variable APRs from 1.29%, and fixed APRs from 3.99%, including auto-pay reward;
- Graduate Students loans, for graduate students, health professions, business and law students: with variable APRs from 1.99%, and fixed APRs from 3.99%, including auto-pay reward;
- Parent loans: with variable APRs from 3.99%, and fixed APRs from 5.49%, including auto-pay reward;
- Post-Graduate Students, for residency and bar exam: with variable APRs from 2.99%, and fixed APRs from 4.99%, including auto-pay reward;
- Student Consolidation: variable APRs from 1.99%, fixed APRs from 2.99%, including auto-pay reward.
It is important to note that those rates may change due to the loan chosen. So, always check the terms and conditions before applying for it.
In addition, you can get cash rewards for good grades.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Discover Student loans benefits
Unlike other lenders, Discover offers rewards. So, you can get a 1% cash reward for good grades and discounts on the rates if you settle up automatic payments.
Also, it features zero fees, which means that you don’t need to worry about application, origination, late, or prepayment fees of any kind.
And it covers up to 100% of your college expenses.
Finally, all of that with a US-Based Loan Specialist and tools that will help you out anytime you need.
Pros
- You can get up to 100% of school-certified college expenses covered;
- There are no application, origination, late, or prepayment fees;
- You can get good-grades cash rewards and discounts on rates if you settle up automatic payments;
- It offers tools and specialists to help you through the process.
Cons
- It doesn’t disclose the credit score required;
- It doesn’t offer pre-qualification;
- Plus, it doesn’t provide a co-signer release.
Should you apply for Discover Student loans?
If you look for a loan with no fees and some perks like rewards, Discover delivers it. With affordable rates and terms of 15 or 20 years, you can get the help you need with your educational expenses.
Can anyone apply for a loan from Discover Student?
You must be a U.S. citizen or permanent resident. Also, you have to attend an authorized school to receive federal aid.
Unfortunately, it lacks eligibility requirements on the website.
What credit score do you need for Discover Student loans?
Unfortunately, it doesn’t disclose this information.
How to apply for a Discover Student loan?
If you decide this loan from Discover is an alternative for you to pay for college, take a look at our next post and learn how to apply for it.
How to apply for Discover Student loans?
Cover up to 100% of your college expenses with a Discover Student loan! Learn how to apply for it and get all the benefits.
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
Trending Topics
Ameritrade: overview on Ameritrade Investing app
If you want to know about a great online broker that can be good for beginners, keep reading our overview of the Ameritrade online broker!
Keep Reading
NetCredit full review: Borrow up to $10,000!
Are you looking for a loan with flexible terms and up to $10,000 in loan amounts? If so, read our NetCredit review to see its pros and cons!
Keep Reading
Mission Money Visa® debit card full review
Mission Money Visa® debit card is a free prepaid card from Mission Lane that helps you with your daily finances. Check out the review!
Keep ReadingYou may also like
PenFed Credit Union Personal Loans review: how does it work and is it good?
Here's a PenFed Credit Union Personal Loan review to determine if it is right for you. Learn the requirements, who can apply, and why this may be your best option to get a personal loan. Read on!
Keep Reading
Cheap Breeze Airways flights: Fly for less
Discover the best deals on Breeze Airways flights and learn tips for finding extra savings to cut your flight costs even more. Flight with 50% off!
Keep Reading
Shop Your Way Mastercard® review: up to 5% cash back
Boost your points on Shop Your Way! Their credit card lets you earn rewards on all eligible purchases, enhancing your overall experience. Read on!
Keep Reading