Discover Student Loans Introduces Parent Loan & Expands Rewards for Good Grades Product to Help Borrowers Cover College Expen...
09 Luglio 2020 - 2:00PM
Business Wire
The new options are part of Discover’s
continued commitment to helping families finance a college
education
Discover Student Loans is updating its product suite to give
families more options and benefits when financing their college
journeys. By launching a new Parent Loan and expanding its Rewards
for Good Grades program to reward incoming college freshmen for
good grades earned in high school, Discover Student Loans continues
to find new ways to help customers.
“In these challenging times, Discover Student Loans is committed
to helping our customers plan for college, even as others are
leaving the space,” said Manny Chagas, vice president of Discover
Student Loans. “Our recent survey found that despite COVID-19, 67%
of parents still believe college is a good investment. However, due
to the pandemic, 48% of parents can’t afford to pay as much of
their child’s college costs as they had planned. We offer a variety
of loan options with great rates and no fees to help families make
this investment with confidence.”
Discover Student Loans is expanding its existing Rewards for
Good Grades benefit to incoming freshmen who now may qualify for an
additional cash reward based on their high school grades. This
benefit is incremental to the existing cash reward students are
eligible for, by earning good grades while in college which is a 1%
cash reward for a 3.0 GPA or higher.
The new Parent Loan from Discover Student Loans allows parents,
or other creditworthy individuals, to take out a loan on behalf of
their student to cover the student’s higher education costs. As
with all Discover student loans, Parent Loans have no fees and
U.S.-based loan specialists are available to help 24/7.
Discover Student Loans offers tools and resources to help
parents and students pay for college, including a free scholarship
search tool and student loan calculators.
For more information about the Parent Loan and Rewards for Good
Grades from Discover Student Loans, please visit
www.discover.com/student-loans.
About Discover
Discover Financial Services (NYSE: DFS) is a digital 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
loans, checking and savings accounts and certificates of deposit
through its 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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Media Contact Sheetal Shah
Discover sheetalshah@discover.com 224-405-0297 @Discover_News
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