Post-Graduate Loans Add to Discover’s Growing Suite of Student
Loan Options
RIVERWOODS, Ill.--(BUSINESS WIRE)--Apr. 2, 2013--
Discover Student Loans, the third-largest private student lender in
America, today announced new
post-graduate loans for students preparing for the bar exam or
entering a health profession residency program or internship. These
loans are the latest additions to the company’s growing suite of student
loan products, which includes undergraduate, health professions, MBA,
law and graduate loans.
When it comes to furthering education, students may have limited
financial resources available to pay for post-graduate professional
training since federal loans cannot be used to cover these expenses.
Discover designed these new loans to help give students access to loan
options so they can continue pursuing their careers. These new loans
include:
-
Fixed rates as low as 6.79% APR
-
Variable rates as low as Prime Index + 0.00% (currently 3.25% APR)
-
No payments required while enrolled in school at least half-time or
for 9 months following graduation
-
0.25% interest rate reduction while enrolled in automatic debit
payments
Discover also recently eliminated late payment charges and returned
payment charges for all new loans, and Discover’s U.S. based student
loan specialists provide 24/7 customer service.
“Training and experience are crucial components of the education
process, particularly for graduate students in law and health
professions programs. Our new bar exam and residency loans are designed
to help students pursue these programs,” said PK Parekh, vice president
of Discover Student Loans. “Our goal is to give students affordable loan
options that enable them to enter the workforce as skilled
professionals.”
The Discover
Bar Exam Loan covers bar exam preparation classes and living
expenses for students who have graduated within the past six months, or
who are enrolled in their final year in a graduate law degree program.
The Discover
Residency Loan covers residency, internship, relocation and board
exam review expenses for students who have graduated within the past
year, or who are enrolled in their final year in one of the following
graduate health professions programs: allopathy, dentistry, nursing,
occupational therapy, optometry, osteopathy, pharmacy, physical therapy,
physician assistant, podiatry and veterinary medicine.
For more information, visit DiscoverStudentLoans.com
or call 1-877-728-3030 anytime, 24/7 to speak with a student loan
specialist.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company
operates the Discover card, America's cash rewards pioneer, and offers
home loans, private student loans, personal loans, checking and savings
accounts, certificates of deposit and money market accounts through its
direct banking business. Its payment businesses consist of 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 more than
185 countries and territories. For more information, visit www.discoverfinancial.com.
Source: Discover Financial Services
Discover
Rob Weiss, 224-405-6304
robertweiss@discover.com
or
Abbe
Kalina, 224-405-5175
abbekalina@discover.com