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Feb 22, 2024 · As of Feb. 1, Discover no longer accepts new student loan applications; it only holds existing student loans — roughly $10.35 billion worth. Discover aims to sell the portfolio sometime...
Jul 22, 2021 · All borrowers are eligible to refinance their Discover student loans, provided that they can pass a credit check. In a refinance, a refi lender will pay off a borrower’s existing student loans. With the old loan(s) eliminated, the borrower repays on a new loan with the refi lender.
Apr 3, 2024 · Borrower tip: Refinancing federal student loans into a private student loan can make you ineligible for certain types of protections, such as income-driven repayment plans, federal debt...
Jan 24, 2022 · Apply. If you’re approved, the new lender will pay off your existing lender. Going forward, you’ll make monthly payments to the new lender. Here’s a deeper look at the seven steps that make up how...
Mar 7, 2024 · Refinance borrowers can choose between 10 and 20 years. No pre-qualification option: Many private student lenders allow you to get a rate quote with just a soft credit check, but Discover...
Jun 23, 2021 · If you borrowed Discover student loans to get through school or to help your child, but now you’re making payments, it may be a good idea to consider refinancing them with another lender. Here’s why student loan refinancing for Discover student loans might be the right choice and how to take advantage of record-low interest rates.
Dec 28, 2023 · Updated: December 28, 2023. Advertising & Editorial Disclosure. On This Page: Discover Details. Is Discover Right for You? How to Apply. What to Do if Rejected. Frequently Asked Questions. Discover offers various student loans, and the APR and repayment term varies depending on what you choose.
