What are my private student loan options?

Discover® Student Loans

From college to graduate school, we can help you cover up to 100% of tuition, housing, books and more. Apply today!

Loan options are available for both undergraduate and graduate students.

Apply With a Co-signer

While not required, we strongly encourage students to apply with a creditworthy co-signer if they may have difficulty qualifying for a loan due to limited income and credit history. This may increase an applicant's chances of approval and of possibly obtaining a better interest rate.

Apply for a Discover Private Student Loan

Discover Undergraduate Loan

This private student loan is for undergraduate students in 4- or 5-year degree programs and can cover up to 100% of school-certified costs such as tuition, housing, books and more.

Benefits

  • Zero fees—no application fees, origination fees, or late payment fees
  • Choice of fixed or variable interest rates on private student loans
  • Students who get at least a 3.0 GPA (or equivalent), get a one-time cash reward of 1% of the loan amount on each new Discover student loan. Must be redeemed within 6 months of the academic term covered by the loan.
  • No payments required while enrolled in school at least half-time
  • 6-month grace period
  • 0.25% Auto Debit Reward when you sign up for automatic during repayment
  • By adding a creditworthy cosigner, you may improve your likelihood for loan approval and may lower your interest rate
  • Free customized scholarship search tool and enter to win a $2,500 scholarship to pay for college. No purchase or student loan necessary to enter or win.
  • The minimum amount is $1,000 for each new loan

Services

  • Apply in as little as 15 minutes or less from your computer, phone or mobile device
  • US-based Student Loan Specialists are ready to help you 24/7
  • Tools and information at DiscoverStudentLoans.com to help students and parents through each step of the process — from exploring financial aid to repaying student loans

We encourage you to borrow responsibly and maximize grants, scholarships and other free financial aid before taking student loans. If you need to borrow, compare federal and private student loans and choose the loan that best fits your needs.

Eligibility

  • You must be enrolled at least half-time in a 4- or 5-year undergraduate program and seeking a degree at an eligible school.
  • You must make satisfactory academic progress as defined by your school.
  • You must be a US citizen, permanent resident or international student (International students require a cosigner who is a US citizen or permanent resident.)
  • You must be 16 years or older at the time you apply, and you must pass a credit check.

Apply for a Discover Private Student Loan

Discover Graduate Loan

This private student loan is for graduate students, including masters and doctoral degree candidates and can cover up to 100% of school-certified costs such as tuition, housing, books and more.

Benefits

  • Zero fees—no application fees, origination fees, or late payment fees
  • Choice of competitive fixed or variable rates on private student loans
  • Students who get at least a 3.0 GPA (or equivalent), get a one-time cash reward of 1% of the loan amount on each new Discover student loan. Must be redeemed within 6 months of the academic term covered by the loan.
  • No payments required while enrolled in school at least half-time
  • 0.25% Auto Debit Reward when you sign up for automatic payments during repayment
  • 9-month grace period
  • By adding a creditworthy cosigner, you may improve your likelihood for loan approval and may receive a lower interest rate
  • The minimum amount is $1,000 for each new loan

Services

  • Apply in as little as 15 minutes or less from your computer, phone or mobile device
  • U.S. based Student Loan Specialists are ready to help you 24/7
  • Tools and information at DiscoverStudentLoans.com to help students and parents through each step of the process — from exploring financial aid to repaying student loans

We encourage you to borrow responsibly and maximize grants, scholarships and other free financial aid before taking student loans. If you need to borrow, compare federal and private student loans and choose the loan that best fits your needs.

Eligibility

  • You must be enrolled at least half-time in a graduate program and seeking a degree at an eligible school.
  • You must make satisfactory academic progress as defined by your school.
  • You must be a US citizen, permanent resident or international student (International students require a cosigner who is a US citizen or permanent resident.)
  • You must be 16 years or older at the time you apply, and you must pass a credit check.

Apply for a Discover Private Student Loan

What are my private student loan options?