Discover Tailors New Loans for Bar Exam and Residency

  Discover Tailors New Loans for Bar Exam and Residency

 Post-Graduate Loans Add to Discover’s Growing Suite of Student Loan Options

Business Wire

RIVERWOODS, Ill. -- April 2, 2013

Discover Student Loans, the third-largest private student lender in America,
today announced new post-graduate loans for students preparing for the bar
exam or entering a health profession residency program or internship. These
loans are the latest additions to the company’s growing suite of student loan
products, which includes undergraduate, health professions, MBA, law and
graduate loans.

When it comes to furthering education, students may have limited financial
resources available to pay for post-graduate professional training since
federal loans cannot be used to cover these expenses. Discover designed these
new loans to help give students access to loan options so they can continue
pursuing their careers. These new loans include:

  *Fixed rates as low as 6.79% APR
  *Variable rates as low as Prime Index + 0.00% (currently 3.25% APR)
  *No payments required while enrolled in school at least half-time or for 9
    months following graduation
  *0.25% interest rate reduction while enrolled in automatic debit payments

Discover also recently eliminated late payment charges and returned payment
charges for all new loans, and Discover’s U.S. based student loan specialists
provide 24/7 customer service.

“Training and experience are crucial components of the education process,
particularly for graduate students in law and health professions programs. Our
new bar exam and residency loans are designed to help students pursue these
programs,” said PK Parekh, vice president of Discover Student Loans. “Our goal
is to give students affordable loan options that enable them to enter the
workforce as skilled professionals.”

The Discover Bar Exam Loan covers bar exam preparation classes and living
expenses for students who have graduated within the past six months, or who
are enrolled in their final year in a graduate law degree program. The
Discover Residency Loan covers residency, internship, relocation and board
exam review expenses for students who have graduated within the past year, or
who are enrolled in their final year in one of the following graduate health
professions programs: allopathy, dentistry, nursing, occupational therapy,
optometry, osteopathy, pharmacy, physical therapy, physician assistant,
podiatry and veterinary medicine.

For more information, visit DiscoverStudentLoans.com or call 1-877-728-3030
anytime, 24/7 to speak with a student loan specialist.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S. financial
services. Since its inception in 1986, the company has become one of the
largest card issuers in the United States. The company operates the Discover
card, America's cash rewards pioneer, and offers home loans, private student
loans, personal loans, checking and savings accounts, certificates of deposit
and money market accounts through its direct banking business. Its payment
businesses consist of Discover Network, with millions of merchant and cash
access locations; PULSE, one of the nation's leading ATM/debit networks; and
Diners Club International, a global payments network with acceptance in more
than 185 countries and territories. For more information, visit
www.discoverfinancial.com.

Contact:

Discover
Rob Weiss, 224-405-6304
robertweiss@discover.com
or
Abbe Kalina, 224-405-5175
abbekalina@discover.com
 
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