RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Student Loans launched a new Multi-Year Option. The new
streamlined process allows eligible undergraduate borrowers to submit
one application and immediately see if they pre-qualify now to cover
future costs toward their degree.
Once approved, borrowers have the freedom to use only what they need
throughout the length of their undergraduate degree. The simple process
allows for future loan paperwork to be automatically pre-filled and
there is no impact to a borrower’s credit score when applying for future
loans. The Multi-Year Option has the same great features of the Discover
undergraduate loan, including zero fees, multiple repayment options and
fixed or variable interest rates.
“Discover Student Loans is committed to providing helpful experiences
for our customers as they plan for college. Our Multi-Year Option gives
borrowers the confidence of knowing they can cover future college costs
as they work toward their degree, not just one academic period,” said
Nicole Straub, vice president of Discover Student Loans. “Once approved,
students can focus on their studies and have the peace of mind knowing
they have already prequalified for future student loans.”
To remain eligible for the Multi-Year Option for future loans, a
borrower must apply with the same cosigner, attend the same school, and
be working toward the same undergraduate degree.
Discover Student Loans offers tools and resources to help parents and
students understand how to pay for college, including a free scholarship
search tool and student loan calculators. Discover Student loans offers
rewards for good grades, zero fees and U.S.-based loan specialists that
are available to help at any time 24/7.
For more information about the Multi-Year Option from 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 Global Network comprised 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 around the
world. For more information, visit www.discover.com/company
Contacts
Rob Weiss
Discover Financial Services
@Discover_News
robertweiss@discover.com
224-405-6304