Loans

Learn to apply for a Discover Student Loan

How about covering the full cost of attendance while being rewarded for good grades and graduation? Time to get your hands on this offer! Learn how to apply for a Discover Student Loan.

Advertisement

Discover Student Loan application: You are 15 minutes away from covering the full cost of attendance.

Discover logo 3
Learn how to apply for this loan. Source: The Mad Capitalist.

If you want to learn how to apply for a Discover Student Loan, the process is easy and straightforward which can be done over the phone or online. However, make sure you have exhausted all of your federal financial aid options before applying for a private loan. Submit a free application for Federal Student Aid, and if you still need money to pay for school, go ahead and apply for a private loan.

card

Student Loan

Discover Student Loan

excellent terms full coverage

No fees, rewards for good grades and forbearance options.

You will be redirected to another website

Apply Online

Discover app
Learn how to apply for a Discover Student Loan online. Source: The Mad Capitalist.

You can easily apply for a Discover Student Loan online following these steps: on Discover’s homepage, click the “All Products” button on the top middle third of the page. This will reveal a dropdown menu where you should click “Student Loans”. The little menu will transform into a different one where you should click “Student Loans” again.

Scroll down a little to find the “Start an Application” field, where you must enter your School name and Loan Type. Once you hit the “Get Started” button, the website will take you to their secured form page where you must fill in the required information (first and last name, phone number, date of birth and Social Security Number). Once you hit continue, the website will send an application access code to your email.

Now you are at the page where you should enter your degree and loan details. Once you are done with it, the page will take you to the Terms and Disclosures page where you should read the Variable Rate and Fixed Rate Application and Solicitation Disclosures before continuing with the application. Check the box confirming you have read and accept the terms and hit “Done”. Once you have reviewed the disclosures, hit the “Submit Application” button and you are.

Scroll down and review the terms and conditions in the “Review and Consent” box. Check the box and hit “Done” once again. Scroll down further, check the box to authorize credit check and other verification, then hit the “Submit Application” button, and you are done! Now all you have to do is wait for the website to run its check on you, and you will get an answer within a minute.

Discover Student Loan vs. Sallie Mae Student Loan: which is the best? 

If you would like to see how the Discover Student Loan compares to other offers in the market, we have prepared the table below to help you put things into perspective.

APRDiscover Student LoanSallie Mae Student Loan 
Loan PurposeAttendance CoverageAttendance Coverage
Loan AmountsUp to the total cost of attendance depending on applicants repayment conditionsUp to the total cost of attendance depending on applicants repayment conditions
Credit NeededNot disclosedMid-600’s
Terms15 to 20 years5 to 20 years
Origination Fee$0$0
Late Fee$05%, but won’t exceed $25
Early Payoff PenaltyN/AN/A

About the author  /  Danilo Pereira

Trending Topics

content

Federal Pell Grant: see how to apply

Find out if you're eligible to apply for the Federal Pell Grant. Ensure up to $7,395 to cover educational costs!

Keep Reading
content

Marcus by Goldman Sachs Personal Loans review

Read our Marcus by Goldman Sachs Personal Loans review to learn how this loan can help you achieve your financial goals with zero fees.

Keep Reading
content

Beauty on a Budget? An Ulta Credit Card Honest Review

Earn 20% off your first beauty purchase at Ulta with the credit card in our review: Ulta Credit Card. Find out other benefits here!

Keep Reading

You may also like

content

First Phase Visa® Card application: how does it work?

The First Phase Visa® Card application process is uncomplicated. Find out the must-have requirements and where to apply. Read on!

Keep Reading
content

How to build credit fast from scratch with our tips for beginners!

Learn how to build credit and get the best offers from lenders and credit card issuers. This can make a difference in achieving your plans.

Keep Reading
content

6 apps to make money watching videos: maximize your earnings

Get the inside scoop on 6 apps to make money watching videos. Find out what app is right for you to start making those bucks. Read on!

Keep Reading