What are my private student loan options?

Discover® Student Loans

From college to graduate school, we can help you cover up to 100% school-certified college costs, including tuition, housing, books and more. Apply today!

Discover Undergraduate Loan

This private student loan is for undergraduate students in Associate or Bachelor's degree programs at eligible schools and can cover up to 100% of your school-certified cost of attendance (including tuition, housing, books and more) minus other financial aid. Aggregate loan limits apply.

Borrower Benefits

  • Choice of fixed or variable interest rates
  • Zero fees — No loan application fees. No origination fees. No late fees.
  • Choose in-school or deferred repayment option, and there is never a penalty for pre-payment
  • Get a one-time cash reward of 1% of the loan amount of each new Discover student loan when you get at least a 3.0 GPA (or equivalent)1
  • 0.25% Auto Debit Reward (when you are enrolled in automatic payments during repayment)2
  • 6-month grace period
  • By adding a creditworthy cosigner, you may improve your likelihood for loan approval and may receive a lower interest rate

Services

  • Applying online is quick and easy and our knowledgeable, US-based Student Loan Specialists are ready to help you. Tools and information at DiscoverStudentLoans.com to help students and parents through each step of the process — from exploring financial aid to repaying student loans

We encourage you to borrow responsibly and maximize grants, scholarships and other free financial aid before taking student loans. If you need to borrow, compare federal and private student loans and choose the loan that best fits your needs.

Eligibility

  • Be enrolled at least half-time in a Bachelor's or Associate's degree program at an eligible school.
  • Be seeking a degree.
  • Be making satisfactory academic progress as defined by your school.
  • Be a US citizen, permanent resident or international student. (International students require a cosigner who is a US Citizen or permanent resident.)
  • Be 16 years or older at the time you apply.
  • Pass a credit check.

Apply for a Discover Private Student Loan

Discover Graduate Loan

This private student loan is for graduate students, including masters and doctoral degree candidates, and can cover up to 100% of your school-certified cost of attendance (including tuition, housing, books and more) minus other financial aid. Aggregate loan limits apply.

Borrower Benefits

  • Choice of fixed or variable interest rates
  • Zero fees — No loan application fees. No origination fees. No late fees.
  • Choose in-school or deferred repayment option and there is never a penalty for pre-payment
  • Get a one-time cash reward of 1% of the loan amount of each new Discover student loan when you get at least a 3.0 GPA (or equivalent)1
  • 0.25% Auto Debit Reward (when you are enrolled in automatic payments during repayment)2
  • 9-month grace period
  • By adding a creditworthy cosigner, you may improve your likelihood for loan approval and may receive a lower interest rate

Services

  • Applying online is quick and easy and our knowledgeable, US-based Student Loan Specialists are ready to help you. Tools and information at DiscoverStudentLoans.com to help students and parents through each step of the process — from exploring financial aid to repaying student loans.

We encourage you to borrow responsibly and maximize grants, scholarships and other free financial aid before taking student loans. If you need to borrow, compare federal and private student loans and choose the loan that best fits your needs.

Eligibility

  • Be enrolled at least half-time in a graduate program at an eligible school.
  • Be seeking a degree.
  • Be making satisfactory academic progress as defined by your school.
  • Be a US citizen, permanent resident or international student. (International students require a cosigner who is a US Citizen or permanent resident.)
  • Be 16 years or older at the time you apply.
  • Pass a credit check.

Apply for a Discover Private Student Loan


Disclaimers

1You will be eligible to receive a 1% cash reward if:

  • You submitted an application for a Discover Undergraduate, Health Professions, Law, MBA or Graduate Loan on or after May 1, 2014 and received the loan.
  • Your Grade Point Average (GPA) for any academic term covered by the loan is at least a 3.0 (or equivalent).
  • You have not already redeemed the reward for the eligible student loan.
  • You log in to your secure account to redeem your reward within 6 months after the academic term covered by the loan has ended, or six months after the loan's final disbursement; whichever is later. Please note: If the loan covers multiple academic terms, you may only redeem your reward after the end of the final academic term covered by the loan.
  • There are no pending disbursements on your eligible student loan.

You will be eligible for only one reward for each new Discover student loan.

These Terms and Conditions are subject to change with notice. We may change them at any time including, but not limited to, changing the redemption methods or imposing additional conditions.

2You will be eligible to receive the Auto Debit Reward if you meet all of the following conditions:

  • You are the borrower of a student loan originated or purchased by Discover Bank
  • Your loan is in repayment (the Auto Debit Reward does not apply during any deferment when no payments are required)
  • Your loan is not in default
  • You do not have returned payments
  • You are enrolled for recurring automatic payments from a bank account

These Terms and Conditions are subject to change with notice. We may change them at any time including, but not limited to, changing the eligibility criteria or imposing additional conditions.

What are my private student loan options?