Apr. 11, 2017

Discover Student Loans Introduces Easy Way to Help Families Understand and Compare Financial Aid Packages

Students and parents see side-by-side comparisons of award letters to determine their share of college costs

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Student Loans introduces a new Award Letter Comparison tool that will help families compare financial aid packages side by side. The free interactive tool will provide personalized results so users can easily understand total cost of attendance, which schools are offering the most financial aid and the costs a family will be expected to cover.

“Discover Student Loans is committed to helping families navigate the college financing process, and our Award Letter Comparison tool simplifies a crucial step toward making a final college choice,” said Mike Boush, president of Discover Student Loans. “Award letters differ from school to school and don’t always follow the same template. We're helping families easily compare award letters so they can make informed decisions and determine what works best to meet their education financing needs.”

In three easy steps, families can compare financial aid packages from up to five schools using key information from each school’s award letter. The tool provides a detailed breakdown of the amount a family would need to pay for each school after factoring in grants, scholarships, work-study and federal student loans. The results are displayed in easy-to-read graphs to standardize award letters in different formats and make comparison easier. The tool is mobile friendly and results can be saved or printed for future reference.

The comparison tool adds to a number of existing tools and resources from Discover Student Loans that can help parents and students manage costs associated with college and answer key questions as families navigate the planning and paying for college.

For more information on the Award Letter Comparison tool from Discover Student Loans, please visit www.discover.com/student-loans/award-letter-comparison-tool.html

For more information about Discover Student Loans, please visit www.discover.com/student-loans.

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 private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit 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

Susan J. Villalobos




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