Discover Bank Law School Loans: Cover up to 100% of your school-certified college costs with our zero fee student loans for law school. Discover’s zero fee private student loans are for graduate students in law school. Applying online is quick and easy and our knowledgeable Student Loan Specialists are ready to help you 24/7.

Discover Bank is available nationwide. See below on more info regarding Discover Bank Law School Loans.

Editor’s Note: Choosing Discover Bank is a smart choice whether you’re banking online or looking for the best return rates. See our full list of Discover Bank Deals, Bonuses, Rates, and Promotions.

Discover Bank Law School Loans Benefits

• Zero Fees
  • No loan application fees. No origination fees. No late fees.
• Rewards
  • Get a one-time 1% cash reward on each new Discover student loan when you get at least a 3.0 GPA (or equivalent)
  • Get a 0.25% interest rate reduction when you are enrolled in automatic payments during repayment.
• Repayment Options
  • Choose in-school or deferred repayment option and there is never a penalty for prepayment.

Discover Bank Law School Loans Simplified

1. Apply In 15 Minutes or Less
   • Apply from your computer, smartphone or other mobile device, or call us at 1-800-STUDENT.
2. Add A Cosigner, If Needed
   • Students may have the option to apply with a creditworthy cosigner. Adding a creditworthy cosigner may improve your likelihood for loan approval and you may receive a lower interest rate.
3. Select Your Interest Rate Type and Repayment Option
   • Choose from a fixed or variable interest rate and an in-school or deferred repayment option to best fit your needs.
4. Sign and Accept Your Loan
   • Sign your loan documents electronically and accept your loan terms.

Common Questions

• Law Loan Features
  • Am I eligible for a Discover Law Loan? 
    • To qualify, you must:
      • Be enrolled at least half-time in a graduate program at an eligible law 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.
  • How Much Can I Borrow?
    • Each year, you can borrow up to 100% of your school-certified cost of attendance (including tuition, housing, books and more) minus other financial aid. Aggregate loan limits apply.
    • The minimum amount is $1,000 for each loan.
    • We certify and disburse loan amounts through your school so you do not borrow more than you need.
  • Do I Need A Cosigner?
    • 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 may have the option to apply for a Discover student loan with a creditworthy cosigner. By applying with a creditworthy cosigner, you may improve your likelihood for loan approval and may receive a lower interest rate.
  • What Is The Difference Between A Fixed Interest Rate and Variable Interest Rate?
    • A fixed interest rate is set during the time of application and does not change during the life of the loan.
    • A variable interest rate may change quarterly during the life of the loan, if the 3-Month LIBOR changes. This may cause the monthly payment to increase, the number of payments to increase, or both.
  • What Is The 1% Cash Rewards For Good Grades?
    • Doing your homework has its rewards. Get at least a 3.0 GPA (or equivalent) and receive a one-time cash reward of 1% of the loan amount of each new Discover student loan (applicable for eligible loan applications submitted on or after May 1, 2014). Reward redemption period is limited.
  • What is an Auto Debit Reward?
    • Get a 0.25% interest rate reduction when you are enrolled in automatic payments during repayment. To enroll for automatic payments, complete the enrollment form online or call us at 1-800-STUDENT to request a copy of the enrollment form, complete it and mail it back to the address on the form.
• Law Loan Repayment
  • What Is A Deferment Period?
    • If you are in school at least half-time, on active military duty, serving a public service organization or in a medical residency, you may qualify for a deferment. A deferment period is a period of time when a borrower is not required to make any payments. During deferment, interest will continue to accrue. At the end of a deferment period, any unpaid interest will be added to your principal balance. This may increase the amount of your monthly payments and the total cost of your loan(s).
  • What Is My Repayment Period?
    • A repayment period is the period of time during which scheduled payments are required to be made to repay the principal balance and interest on a loan. Your repayment period is 20 years after the deferment period ends.
  • What Are My Repayment Options?
    • In-School – 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.
    • You can make payments anytime to help reduce the overall cost of your loan and there is never a penalty for prepaying. If you’re not receiving monthly billing statements, we will send you quarterly statements showing you how much interest is accruing and how to make optional payments while you are in school.
  • What If I Need Help Making My Monthly Payments?
    • If you are experiencing financial difficulties and you are unable to make your student loan payments, we have options to help. To learn more and determine if you qualify, please call our Repayment Assistance Department at 1-800-STUDENT.

Discover Bank Online App

•  All your banking, in your pocket or purse. Download the Discover Bank Online App today via iOS or Android.

Still Have Questions?

•  Reach someone helpful 24/7. Call 1-800-347-7000! Ask to be connected with the Discover Bank Online Security Center.

Author’s Verdict

Law school can get pretty expensive, so hopefully this Discover Bank Law School Loans post helped you! Let us know if it did in the comment section below or help add onto our list! Let us know about your thoughts and experience with Discover Bank Online in the comment section below! If you’re interested in more info regarding Discover Bank Online offers, check out our full listing of Discover Bank Online Bank Deals, Offers, Bonuses, and Promotions. Be sure to check back on BankDealGuy for more bank deals!

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