We provide loans to students at colleges and graduate schools across the country to help them cover up to 100% of school-certified costs. Aggregate loan limits apply. We also provide post-graduate loans for law students and health professions students as well as private consolidation loans.
Keeping this in consideration, can you use Discover Student Loans for off campus housing?
Whether you live in a dorm or an off-campus apartment, you can use your student loans to pay for housing and related expenses (e.g., utilities). Living expenses can also vary greatly depending on where you live and whether you attend an urban school (where housing tends to be more expensive) or a rural school.
Also know, does Discover have federal student loans?
Direct Stafford Loans are available to US citizens and eligible non-citizens enrolled at least half-time in an undergraduate or graduate program. No credit check or cosigner is required. Stafford Loans may be subsidized or unsubsidized.
Does Discover student loans do a hard credit check?
That means if you wish to apply, Discover will pull your credit history, and it will be a hard inquiry on your credit reports. It only offers a single loan term of 15 years for undergraduates, 20 years for graduate students and 10 or 20 years for student loan consolidation.
The typical time from completed application to approval for a Discover student loan is 15 minutes. For a consolidation loan, it can take from 30 to 45 days from approval to payoff.
Discover student loans is an online private student loan lender that has one of the largest amounts of loan options available to borrowers. They have decent rates and some perks for borrowers as well.
All new Sallie Mae loans are private. But if you took out a Sallie Mae loan before 2014, it might have been a federal loan and is likely now serviced by Navient. Sallie Mae started off under the federal government and provided loans through the Federal Family Education Loan program, or FFEL.
There are four types of federal student loans available:
- Direct subsidized loans.
- Direct unsubsidized loans.
- Direct PLUS loans.
- Direct consolidation loans.