Discover Student Loans Launches Multi-Year Option to Help Undergraduate Borrowers Cover College Costs Now and Later
15 Maggio 2019 - 3:01PM
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
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version on businesswire.com: https://www.businesswire.com/news/home/20190515005140/en/
Rob WeissDiscover Financial
Services@Discover_Newsrobertweiss@discover.com224-405-6304
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