Recently, Discover Student Loans, a unit of
Discover Financial Services
), introduced two new loan products for law students and for
people beginning a health profession residency program or
While The Discover Bar Exam Loan covers bar exam preparation
classes and living expenses, The Discover Residency Loan covers
residency, internship, relocation and board exam review expenses
for students enrolled in a variety of courses.
The loans will offer low fixed and variable interest rates
along with a 0.25% rate cut for people enrolled in automatic
Moreover, the students will have to begin repayment after
half-time, while enrolled in school, or 9 months after
graduation. Moreover, Discover Financial provides round-the-clock
customer service to students. The company also does not charge
any late payment fees on new loans.
The new loans focus on offering student loans at reasonable
rates to allow more students to achieve their dreams of
professional education. As students cannot avail federal loans
for post-graduate professional courses, Discover Financial's loan
product is expected to be popular.
Discover Financial plans to expand its market presence through
product launches, extension of distribution channels and
partnerships. In February this year, Discover Financial launched
a new direct banking product - Discover Cashback Checking SM - a
checking account offering cashback rewards.
Previously in Jan 2013, Discover Financial announced the
launch of a new credit card - Discover it and announced an
affiliation with Birmingham-based Cadence Bank to launch the new
Cadence Bank Debit Card.
Discover Financial currently carries a Zacks Rank #2 (Buy).
Other companies in the financial sector that are worth
Total System Services, Inc.
Encore Capital Group, Inc.
). All these companies carry a Zacks Rank #2 (Buy).
DISCOVER FIN SV (DFS): Free Stock Analysis
ENCORE CAP GRP (ECPG): Free Stock Analysis
TOTAL SYS SVC (TSS): Free Stock Analysis
VISA INC-A (V): Free Stock Analysis Report
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