Graduate
Loans

Zero fee private student loans for masters and doctoral degree candidates in graduate school.

Variable Interest Rates

3.99% APR - 12.99% APR

(3-Month LIBOR + 1.62% to 3-Month LIBOR + 10.62%)

Fixed Interest Rates

5.99% APR - 13.99% APR

Lowest rates shown include an interest-only repayment discount, an Auto Debit Reward and are applicable for applications submitted before 8/2/2018.

View APR Examples

MBA
Loans

Zero fee private student loans for MBA and other graduate students in business school.

Variable Interest Rates

3.99% APR - 12.49% APR

(3-Month LIBOR + 1.62% to 3-Month LIBOR + 10.12%)

Fixed Interest Rates

5.99% APR - 12.99% APR

Lowest rates shown include an interest-only repayment discount, an Auto Debit Reward and are applicable for applications submitted before 8/2/2018.

View APR Examples

Law
Loans

Zero fee private student loans for graduate students in law school.

Variable Interest Rates

3.99% APR - 9.99% APR

(3-Month LIBOR + 1.62% to 3-Month LIBOR + 7.62%)

Fixed Interest Rates

5.99% APR - 11.34% APR

Lowest rates shown include an interest-only repayment discount, an Auto Debit Reward and are applicable for applications submitted before 8/2/2018.

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Health Professions Loans

Zero fee private student loans for graduate students in eligible health professions programs.

Variable Interest Rates

3.99% APR - 9.99% APR

(3-Month LIBOR + 1.62% to 3-Month LIBOR + 7.62%)

Fixed Interest Rates

5.99% APR - 11.24% APR

Lowest rates shown include an interest-only repayment discount, an Auto Debit Reward and are applicable for applications submitted before 8/2/2018.

View APR Examples

Rewards

Get a one-time cash reward on each new Discover student loan when you get at least a 3.0 GPA (or equivalent).8

Get a 0.25% interest rate reduction when you enroll in auto debit payments during repayment.9

Zero Fees

No loan application fees. No origination fees. No late fees.

Repayment Options

Choose from in-school or deferred repayment options and there is never a penalty for prepayment.

Details

Eligible Schools

You must attend an eligible school.

Interest Rates

You have a choice of fixed or variable interest rates.

  • Variable interest rates range from:
    • 3.99% APR to 12.99% APR2 (3-Month LIBOR + 1.62% to 3-Month LIBOR + 10.62%) for Graduate Loans
    • 3.99% APR to 12.49% APR3 (3-Month LIBOR + 1.62% to 3-Month LIBOR + 10.12%) for MBA Loans
    • 3.99% APR to 9.99% APR4 (3-Month LIBOR + 1.62% to 3-Month LIBOR + 7.62%) for Law Loans
    • 3.99% APR to 9.99% APR5 (3-Month LIBOR + 1.62% to 3-Month LIBOR + 7.62%) for Health Professions Loans
  • Fixed interest rates range from:
    • 5.99% APR to 13.99% APR2 for Graduate Loans
    • 5.99% APR to 12.99% APR3 for MBA Loans
    • 5.99% APR to 11.34% APR4 for Law Loans
    • 5.99% APR to 11.24% APR5 for Health Professions Loans

Lowest rates shown include an interest-only repayment discount, an Auto Debit Reward and are applicable for applications submitted before 8/2/2018.

Private student loans are credit based. Students with no credit history or a low credit score may find it difficult to qualify for a private student loan on their own. Students have the option to apply for a Discover student loan with a cosigner. By applying with a creditworthy cosigner, you may improve your likelihood for loan approval and may receive a lower interest rate.

Loan Limits

  • Minimum loan amount: $1,000
  • Maximum student loan limit: Up to 100% of your school-certified cost of attendance (including tuition, housing, books, and more) minus other financial aid. Aggregate loan limits apply.

Rewards

  • Get a one-time cash reward on each new Discover student loan when you get at least a 3.0 GPA (or equivalent).8
  • Get a 0.25% interest rate reduction when you enroll in auto debit payments.9

Repayment Options

Discover Student Loans offers three different repayment options to help you manage your payments.

  • In-School Interest-Only: Required to make interest-only monthly payments while you are in school and during your grace period to lower your overall loan cost and receive a 0.35% interest rate discount.
  • In-School Fixed: Required to make $25 fixed, monthly payments while you are in school and during your grace period to lower your overall loan cost.
  • Deferred: Monthly payments are not required until 9 months after you graduate or your enrollment drops below half-time.

Payments can be made anytime to help reduce the overall cost of the loan and there is never a penalty for prepaying.

Repayment Term

  • 20 years standard repayment

Payments can be made anytime to help reduce the overall cost of the loan and there is never a penalty for prepaying.

Eligibility Requirements

To qualify, you must:

  • Be enrolled at least half-time in a graduate program at an eligible school, business school, or law school, or in a health professions graduate program at an eligible school.
  • Be seeking a degree.
  • Be making satisfactory academic progress as defined by your school.
  • Be a US citizen, permanent resident or international student (International students require a cosigner who is a US Citizen or permanent resident).
  • Be 16 years or older at the time you apply.
  • Pass a credit check.

Apply for a Graduate Loan

Financial Aid Tip: U-fi recommends that you take advantage of all scholarship, grants, and federal aid options before applying for a private student loan.