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Student Loans from Discover Financial Services

Discover  offers a range of student loans, including the Stafford, Parent PLUS and Grad PLUS loans. Discover also offers private education loans with low rates, no fees and 2% graduation rewards.

Student Loans Reviews

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swatch32
Newcomer
4.0

Hey Ethan how did you apply for this loan? I am in the same situation, currently in a medical school that does not have any lenders. Any help would be greatly appreciated.

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ethan
FiLifer
ethan said
4.0

As a medical student at a school that requires the student to find their own loans, I found the Discover Financial student loan to be adequate. What attracted me to it rather than any of the others is that there is no origination fee or default fee. Other lenders had better payback deals. However, only Discover and maybe one other company waived the starting fees. The perks after the loan are not as good as they were a few years back when I started school (0.25% ACH), but this is true for all companies. If anyone has a better deal, post it up.

-EMW

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Today’s Rates

Type Today Week Ago
15 Year Fixed 4.62% Rates_down 4.67%
30 Year Fixed 5.15% 5.15%
1 Year ARM 3.48% Rates_down 3.51%
5/1 Year ARM 3.62% Rates_down 3.68%
Type Today Week Ago
Line of Credit 4.89% Rates_up 4.88%
10 Year Loan 7.47% 7.47%
15 Year Loan 7.61% Rates_up 7.60%
Type Today Week Ago
Interest Checking 0.28% 0.28%
Money Market/Savings 0.38% 0.38%
12 Month CD 1.13% Rates_deposit_down 1.15%
60 Month IRA CD 2.40% Rates_deposit_down 2.41%
Type Today Week Ago
Cash Back Cards 12.66% Rates_down 12.68%
No Annual Fee Cards 12.08% Rates_up 11.97%
Reward Cards 12.75% Rates_up 12.61%
Small Business Cards 11.01% Rates_up 10.94%
Student Cards 13.77% Rates_up 13.49%
Platinum Cards 12.26% Rates_up 12.11%
Provided by Informa 11.06.09

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