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Digital News Report – Discover Student Loans have been financing college tuition and fees for the last three years and they recently celebrated their third anniversary since they started in July of 2007. Discover Student Loans is part of Discover Financial Services (DFS) and they have been offering their lowest eligible interest rate of 3.75 percent for student loans to help families pay for the increased college education costs.
According to College Board, tuition and fees have gone up on average 13.5 percent at public four-year colleges and universities since 2007. Private universities and colleges saw a 10.8 percent increase for the same time frame. Scholarships budgets for 2010 are also decreasing said the National Association of Student Financial Aid Administrators.
Discover Student Loans has been one of the few student loan companies that has been growing over the last few years. Since they began, they have loaned $3 billion to over 200,000 students.
One of the student loan services offered by Discover Student Loans are Certified Private Loans which have zero origination fees and a 2% Graduation Reward. Student loan rates of the Certified Private Loan currently being offered at Discover Student Loans is based on credit rating score and starts at Prime Index plus 0.50% to Prime Index plus 7.75% for a 15 year repayment term. To find out more about their student loan you can visit discoverstudentloans.com.
By: Victoria Brown