Discover Student Loan Refinance Review
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Discover Student Loans is the property of Discover Bank, a financial institution with half a century of experience in the industry. Discover Bank offers traditional banking services as well as a student loan consolidation option for both federal and private student loans insured by the FDIC. The company is headquartered in Riverwoods, IL.
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Customer Comments & Reviews
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The interest rate on the student loan constantly increases. They make a lot of money of the poor. Its a profitable business model for them. Its not solvent for the consumer. I am very sorry I took out a loan from them as I become deeper and deeper in debt. It is more like a credit card then a student loan and the company doesn't support the consumer until they are reported to CFPB. They misapplied payments multiple times. It took an unbelievable amount of effort to get them to fix that. If they can't apply payments correctly, they can't be trusted to handle money. I should have gone to a local credit union.
- Consolidation loan option of federal and private student loans
- Consolidate while enrolled half-time, during grace period, or after graduation
- Generous deferment and forbearance programs
- Fixed and variable interest rates
- No fees or prepayment penalties