What are my private student loan options?

Discover® Student Loans

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We can help you cover 100% of school-certified college costs. Aggregate loan limits apply. Apply today!

Discover Undergraduate Loan

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

Benefits

  • Choice of great fixed or variable interest rates.
  • Count on $0 fees, including application, origination or late fees.
  • You have the option to make either interest-only or $25 fixed, monthly payments while in school and during the grace period to lower the overall loan cost. However, you can also choose to defer payments, meaning that monthly payments are not required until after the grace period or enrollment drops below half-time.
  • Get a one-time cash reward of 1% of the loan amount of each new Discover undergraduate student loan when you get at least a 3.0 GPA (or equivalent). Reward redemption period is limited.2
  • 0.25% interest rate reduction while enrolled in automatic payments
  • 6-month grace period
  • By adding a 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 anytime 24/7. Tools and information at DiscoverStudentLoans.com can 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 to find a 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.

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 costs (including tuition, housing, books and more). Aggregate loan limits apply.

Benefits 

  • Choice of great fixed or variable interest rates.
  • Count on $0 fees, including application, origination or late fees.
  • You have the option to make either interest-only or $25 fixed, monthly payments while in school and during the grace period to lower the overall loan cost. However, you can also choose to defer payments, meaning that monthly payments are not required until after the grace period or enrollment drops below half-time.
  • Get a one-time cash reward of 1% of the loan amount of each new Discover graduate student loan when you get at least a 3.0 GPA (or equivalent). Reward redemption period is limited.2
  • 0.25% interest rate reduction while enrolled in automatic payments.
  • 9-month grace period.
  • By adding a 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 anytime 24/7. Tools and information at DiscoverStudentLoans.com can 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 to find a 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

1Aggregate loan limits apply.

2At least a 3.0 GPA or equivalent qualifies for a one-time cash-reward of 1% of the loan amount of each new Discover undergraduate and graduate student loan. Reward redemption period is limited. Please visit DiscoverStudentLoans.com/Reward for any applicable reward terms and conditions.

What are my private student loan options?