Applying for student loans can be a hectic time, especially for a family who has never gone through the process before. Companies like Discover Student Loans are created to make the process easier. A visit to the Discover site instantly reveals a great deal of information designed to help those families become better informed and empowered to make the right decision when it comes to choosing an online student loan company.
Unfortunately, Discover seems to be lacking a lot when it comes to the available features and tools. For instance, they do not have a scholarship or school search function, no tips and advice, and they’re not accredited by the Better Business Bureau. Also, they don’t offer school prep tests the way some other online student loan companies do. The features they do offer are positive features, though – such as the secure site. This makes it easy to enter your information safely. You can view your account online, saving you time and money. Also, you can utilize the payment calculator online to determine what your monthly loan payments are going to look like. It’s very important to check out several different online student loan companies before making a decision on which one you’ll go with. After looking at several others, you can judge whether the lack of features with Discover is a disadvantage to you or not.
There are a few different options with Discover for getting answers to questions or having your concerns addressed. These include email and telephone numbers. There is no FAQ available on the site, which would cut down on the number of inquiries Discover receives - and would allow you to instantly receive answers to common questions. Also, there’s no option for online chatting to receive instant answers. However, the email and phone contact is convenient and helpful.
Discover offers a wide variety of loan options – from graduate and undergraduate loans to private loans. This makes it easy if you’ve received federal financial aid but have found that not all of your costs are covered. Discover gives you the option to add co-signers to your accounts or apply for low interest private loans that can help you cover the costs of your tuition and supplies. Of course, they have federal loan assistance, but they do not offer loans for parents or loan consolidation options.
Specefic payment information is unavailable on the website. However, we presume that the payment options and fees of Discover Bank are comparable to other online banks offering student loans.
It’s important for you to go with a company you can really trust when you’re applying for student loans. Companies with options and features designed to make things easier for you should be your number one choice, especially those that offer a number of loans. Discover offers only the very basic in features, tools and options. However, students and parents who don’t need the extra bells and whistles might find Discover Student Loans satisfactory. You’re encouraged to check out several different companies before settling on one student loan online company.
