Ever heard of the Discover Student Loan? In this Discover Student Loan review you will see this institution is not only a credit card issuer. Although most people know the company for its credit cards, it offers a wide range of financial products such as a number of private student loans. You may even borrow the total cost of your attendance.

It’s worth pointing out that in case you become unable to repay your loan, the lender will offer options not to pursue legal action against you. Most private lenders won’t hesitate to move forward with it. The lender also offers rewards when you get good grades and graduate on time.

The Discover Student Loan, however, may not be for just anyone. To put things into perspective, have a look at the figures below.

This lender provides student loans for undergraduate, graduate, MBA, health profession and law. In the case of the last two, Discover Student Loan also offers residency loans for health profession graduates, and bar exam loans for law school graduates.

There are 3 in-school repayment options. The first is the In-School Interest-Only program, where you must pay the interest monthly until 6 months after you graduate. This gives you a 0.35% discount on your interest. The second is the In-School Fixed program, which requires you to make fixed $25 payments until the Deferment period after you graduate. The last one is the Deferred program, where you only pay ate the end of the deferment period.

Now that you have been properly introduced to the Discover Student Loan, it’s time to reflect on its pros and cons to see what stands out the most for you.

Discover does not put out the minimum score or income requirements you must meet to qualify for this loan. In general, you must have at least a good credit to qualify for any private student loan. So make sure your credit is in good standing before you apply because their not offering prequalification could deliver a blow to your credit history.

If what you have read has convinced you that the Discover Student Loan is for you, you will be happy to find out that applying is a relatively simple process. The application is done online and it shouldn’t take you more than 15 minutes to complete. All you need is to log on to their website with your personal and financial info at hand, and you are on your way.

If you would like a more complete step-by-step guide on how to apply for this loan, just hit the link below and we’ll take you there.