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Ten Students Win Discover® Scholarship Program Award

June 22, 2009

Up to $300,000 in Scholarships Awarded to High School Juniors Nationwide

Riverwoods , IL , June 22, 2009 – Discover Financial Services recently announced the 10 winners of the Discover® Scholarship Program Award. Each winner will receive a $30,000 award.

Winners were selected based on overall excellence in the areas of leadership and community service while successfully overcoming a hardship or challenge. They also maintained a minimum 2.75 cumulative grade point average to qualify.

While most programs are geared toward high school seniors, Discover focuses on juniors which gives them an additional year to prepare for their advanced education and make career plans. Winners come from all parts of the country and have diverse backgrounds.

This year's award recipients are:

Octavio Brindis, Waukegan , IL
Daniella Concha, Donna , TX
Megan Gansfuss, Courtland Manor , NY
Hosanna Kabakoro, Twin Falls , ID
Shyanne Millette, Haverhill , NH

Terrell Moore, Bronx , NY
Sara Sidebottom, Benton , AR
Katlyn Vacanti-Mitchell, Brentwood , TN
Shreyas Vangala, Macon , GA
Monica Wang, Longview , WA

“ Discover has a strong interest in supporting educational initiatives,” said David Nelms, Chief Executive Officer, Discover Financial Services. “T his year marks the 18 th anniversary of our program which has had a positive impact on the lives of thousands of young adults. We are proud of our winners and the contributions they make in their communities.”

Since the inception of the Discover Scholarship Program Award, Discover has awarded scholarships totaling more than $16 million to nearly 6,500 students. Once the student graduates from high school, scholarship funds may be applied to costs for college, university, specialized training or education beyond high school.

To learn more about the Discover Scholarship Program, please visit www.discoverfinancial.com/community

About Discover Financial Services

Discover Financial Services (NYSE: DFS) is a leading credit card issuer and electronic payment services company with one of the most recognized brands in U.S. financial services. The company operates the Discover Card , America 's cash rewards pioneer. Since its inception in 1986, the company has become one of the largest card issuers in the United States . Its payments businesses consist of the Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in 185 countries and territories. For more information, visit www.discoverfinancial.com .

CONTACT
Jennifer Grisamore
Discover Financial Services
224-405-1342
jennifergrisamore @discover.com