Undergraduate, Graduate Students with Minimum 3.0 GPA Eligible to
Earn 1% Cash Back on Each New Student Loan
RIVERWOODS, Ill.--(BUSINESS WIRE)--May 5, 2014--
Discover
Student Loans launched 1% Cash Reward for Good Grades – a unique new
program that provides both undergraduate and graduate students who
achieve at least a 3.0 grade point average (GPA) or equivalent with a
cash reward. The one-time reward is equal to a full one percent of the
loan amount of each new Discover student loan.
Students are eligible for the reward if they submit an application for a
Discover Undergraduate, Health Professions, Law, MBA or Graduate student
loan on or after May 1, 2014 and earn a 3.0 or better GPA (or
equivalent) during the academic term covered by the loan. Eligible
students must redeem their reward within 6 months after the end of the
academic term covered by the loan, and they will receive their reward
via check.
“Discover’s new 1% Cash Reward for Good Grades aligns with our
philosophy of providing support and giving back to our customers. We are
offering an incentive and reward to students who study hard, earn good
grades and make an investment in their future,” said Danny Ray,
president of Discover Student Loans. “We strive to help families and
students with their educational goals by assisting them every step of
the way, whether through understanding the loan process, finding
scholarships or rewarding students for a job well done.”
The new 1% Cash Reward for Good Grades is part of Discover’s goal of
providing responsible options to help students pay for college and
graduate school. All Discover Student Loans have zero fees, including
zero origination fees, zero prepayment fees, zero late payment charges
and zero returned payment fees. Discover Student Loans cover up to 100
percent of school-certified college and graduate school costs, including
tuition, housing, books and living expenses.
To get more information about Discover’s new 1% Cash Reward for Good
Grades, students and parents can visit DiscoverStudentLoans.com/Reward.
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 issues
the Discover card, America's cash rewards pioneer, and offers home
loans, private student loans, personal loans, home equity loans,
checking and savings accounts, certificates of deposit and money market
accounts through its direct banking business. It operates 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 more than
185 countries and territories. For more information, visit www.discover.com/company.
Source: Discover Financial Services
Discover Financial Services
Rob Weiss, 224-405-6304
robertweiss@discover.com