Discover Student Loans Launches Multi-Year Option to Help Undergraduate Borrowers Cover College Fees Now and Later

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RIVERWOODS, Illinois–()–Discover Student Loans has launched a new multi-year option. The new streamlined process allows eligible undergraduate borrowers to submit an application and immediately see if they pre-qualify now to cover future costs related to their degree.

Once approved, borrowers have the freedom to use only what they need for the duration of their undergraduate degree. The simple process allows future loan documents to be automatically pre-populated and there is no impact on a borrower’s credit score when applying for future loans. The multi-year option has the same great features as the Discover undergraduate loan, including no fees, multiple repayment options, and fixed or variable interest rates.

“Discover Student Loans is committed to providing valuable experiences for our customers as they plan their college education. Our multi-year option gives borrowers the confidence of knowing they can cover future college costs while they prepare for their degree, not just a college term,” said Nicole Straub, vice president of Discover Student Loans. “Once approved, students can focus on their studies and have peace of mind knowing they are 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 work 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 finder and student loan calculators. Discover Student Loans offers rewards for good grades, zero fees, and US-based loan specialists who are available to help you 24/7.

For more information on the multi-year option of Discover Student Loans, please visit www.discover.com/student-loans.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payments company with one of the most recognized brands in financial services in the United States. 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 business. direct banking. It operates the Discover Global Network consisting of Discover Network, with millions of merchants and cash access points; PULSE, one of the nation’s leading ATM/debit networks; and Diners Club International, a global payment network accepted worldwide. For more information, visit www.discover.com/company

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