Reviews
Discover Student Loan review: full funding for your studies
Learn more about the Discover Student Loan, one of the best student loan services on the market: low APR, no fees, and more. Check out our review!
Advertisement
Discover Student Loan: no-fee student loans that reward students with good grades!
Discover Student Loan was named the best student loan option for 2022. So, learn about the rates, conditions, and benefits that made this loan option the most coveted among students.
Discover Student Loan: find out how to apply!
Apply to a Discover Student Loan and access the best student loan option: a reward for good grades and no fees. Learn more!
Indeed, according to some of the top review sites, this is the best student loan in the country. Available to students of all levels, one of the lowest APR rates on the market.
So, read on to learn more about this incredible student loan!
| APR | From 4.49% to 14.09% (variable); from 5.49% to 13.99% (fixed) |
| Loan Purpose | Funding for: undergraduate and postgraduate healthcare students, residency or internship for healthcare students, postgraduate for law students, and more |
| Loan Amounts | From $1,000 to 100% of the school-certified cost of attendance (including tuition, housing, books, and more) |
| Credit Needed | Not specified |
| Origination Fee | None |
| Late Fee | None |
| Early Payoff Penalty | None |
Is the Discover Student Loan a good option?
Parents of students and students looking for debt consolidation can find this service a great opportunity.
In addition to college tuition, this service may include additional costs such as books, housing, and more. Students with good grades can receive a 1% cash reward on the school-certified amount.
For this, it is enough to have a school average (GPA) of at least 3.0. In addition, it is possible to obtain a rate reduction of 0.25%. To do so, simply activate the automatic payment option.
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
The pros and cons of the Discover Student Loan
Indeed, Discover is a reference in the market as one of the best options for student financing. However, this option also has some “weak points”. To know these and the main “strengths”, see the lists below:
Advantages
- Relatively low APR;
- No late fees or origination fees;
- You can use a guarantor to increase your chances of being approved and get lower APR rates;
- Students with good grades have special advantages.
Disadvantages
- Discover does not offer a pre-qualification service;
- The loan repayment terms are fixed and cannot be negotiated;
- Your co-signer will remain partially liable until the end of the loan;
- Students with grades below the GPA 3.0 standard are not eligible for cash rewards.
What credit score do you need to apply?
Indeed, Discover’s official website does not set a minimum credit score for its customers.
However, to maximize your chances of being approved, we advise that you or your guarantor have a good or excellent credit score.
Discover Student Loan application process
In our post below, you have a complete description of everything you need to know to apply. Check it out!
Discover Student Loan: find out how to apply!
Apply to a Discover Student Loan and access the best student loan option: a reward for good grades and no fees. Learn more!
Trending Topics
Apply for SimpleLoans123: Unlock Fast Financial Relief
Learn how to apply for SimpleLoans123. Easy process, fast funding, and privacy secured. Loans up to $35,000 for various financial needs.
Keep Reading
Interest rates are going up: how this impacts credit card debt in the US
Interest rates are going up. Now the question is: why? How will these rates behave in the coming months? Find out all about it here.
Keep Reading
College Ave Student Loan: find out how to apply!
Apply to College Ave Student Loan and get great APR for any student level, up to 15 years of repayment, and no additional fees. Know how!
Keep ReadingYou may also like
BadCreditLoans.com review: loans for all credit scores
Read our badcreditloans.com. review and discover hundreds of lenders ready to close a deal regardless of your credit score!
Keep Reading
How to earn money online in 2023: 5 best ways
Learn how to earn money online and improve your chances to get some extra cash! Keep reading and learn everything you need!
Keep Reading
Get the money you need: Apply for LendingPoint Personal Loans!
If you need loan options of all types of up to $36,500 with good terms, read on to learn how to apply for LendingPoint Personal Loans!
Keep Reading