If your credit is excellent, you may qualify for a lower interest rate on a Discover Student Loan. Submitting an application does not guarantee a certain interest rate. It will depend on things like the interest rate, the repayment schedule the borrower and cosigner agree upon, and their respective credit histories.

Discover’s student loans stand out from the crowd because to its low interest rates, large discounts, flexible repayment choices, and complete lack of fees. If you’ve already applied for and been denied free financial help, your best bet if you need extra money is a flexible lender that offers consolidation options.

Refinancing may help you save money on your monthly payments if you have several student loans by consolidating them into one loan with a new, potentially lower interest rate and/or longer repayment period.