New Reward to Provide GMAT Test-Takers With Interest Rate Reduction for New MBA Loans
08 Gennaio 2014 - 2:30PM
Marketwired
New Reward to Provide GMAT Test-Takers With Interest Rate Reduction
for New MBA Loans
Graduate Management Admission Council and Discover Student Loans
Provide Reward for Qualifying Graduate Business Students
RESTON, VA--(Marketwired - Jan 8, 2014) - Graduate Management
Admission Council® (GMAC®) and Discover® Student Loans are offering
graduate business students who take the Graduate Management
Admission Test® (GMAT®) exam an opportunity to receive a 0.25
percent interest rate reduction on new MBA Loans from Discover
Student Loans.
"Discover Student Loans believes in the value of education and
that begins by providing students with affordable options to pay
for college and graduate school," said Danny Ray, president of
Discover Student Loans. "Providing a cost-saving benefit for
graduate business students is another way we are committed to being
a responsible lender."
"Taking the GMAT exam and pursuing a graduate business or
management degree is about connecting talent and aspiration to
opportunity," said Sangeet Chowfla, president and CEO of the
Graduate Management Admission Council, makers of the GMAT exam.
"Through this reward with Discover Student Loans, GMAC is extending
its commitment to the next generation of leaders -- and their
aspirations -- by helping them manage and lower the cost of their
education."
To qualify for the interest rate reduction on a Discover MBA
loan:
- The Discover MBA Loan application was submitted on or
after December 16, 2013. The applicant must be approved for a
fixed or variable interest rate MBA Loan originated by
Discover Student Loans.
- The applicant must have taken the GMAT exam within five
years of submitting the Discover MBA Loan application and the
completion of the test must be verified by GMAC.
The 0.25 percent interest rate reduction is for fixed or
variable interest rate Discover MBA Loans and is effective for the
life of the loan. Discover Student Loans also come with zero fees,
no payments required while enrolled in school at least half-time,
and 24/7 US-based customer service. Students also are eligible to
receive an additional 0.25 percent Auto Debit Reward benefit if
enrolled in automatic payments during repayment.
Students can find out more at DiscoverStudentLoans.com/GMAT and
at mba.com/loans.
About GMAC: The Graduate Management Admission Council (gmac.com)
is a nonprofit education organization of leading graduate business
schools and owner of the Graduate Management Admission Test (GMAT
exam), used by nearly 6,000 graduate business and management
programs worldwide. GMAC is based in Reston, Virginia, and has
regional offices in London, New Delhi and Hong Kong. The GMAT exam
-- the only standardized test designed expressly for graduate
business and management programs worldwide -- is continuously
available at more than 590 test centers in 112 countries. More
information about the GMAT exam is available at mba.com. For more
information about GMAC, please visit gmac.com/newscenter.
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 home loans, private student loans,
personal loans, home equity loans, checking and savings accounts,
certificates of deposit and money market accounts 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.
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