Discover Student Loans Lender Profile

Helping students pay for college and graduate school is what we do. We are one of the largest providers of private student loans. With Discover Student Loans, you can cover up to 100% of your school-certified tuition, housing, books and more, up to aggregate loan limits. All of our loans feature fixed and variable interest rates. In addition, we offer cash rewards for good grades, zero fees, and all Student Loans Specialists are US-based and available 24/7. 

Citizenship: Be a U.S. citizen or permanent resident

Academic Progress: Be making satisfactory academic progress as defined by your school

College Enrollment: Be enrolled at least half-time in a degree-granting program at an eligible institution

Age Requirement: Must be 16 years or above at the time you apply

International Students: Can apply with a creditworthy U.S. citizen or permanent resident co-signer


Rates Valid as of January 1, 2018

*Discover Student Loan rates do not include autopay discount

Fixed Term

Variable Term

Term (Years)

Term (Years)

4.62% - 11.87%

Rate (APR)



Rate (APR)


4.62% - 10.62%

6.49% - 11.99%


6.49% - 12.99%


  • Up to 100% of school-certified college costs are covered, aggregate loan limits apply
  • Get a 3.0 GPA or better and get a full 1% cash reward on each new student loan, redemption period is limited
  • No loan application fees, no origination fees and no late fees
  • Choose in-school or deferred repayment option with no prepayment penalties


Considering taking out student loans? Learn the pros and cons of fixed and variable rate loans.

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First time taking out a student loan? Learn more about the application process.

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Additional Information

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