General
HSGG
RFGG
GRAD
100

WHAT REWARDS DO WE OFFER

  • REWARDS FOR GOOD GRADES AND     HIGH SCHOOL GOOD GRADE REWARDS
100

WHAT IS HSGG

  • HIGH SCHOOL GOOD GRADE REWARD     1% CASH BACK 
100

WHAT IS RFGG 

  • REWARD FOR GOOD GRADES 1%     CASH BACK 
100

 WHAT IS THE GRAD REWARD

  • 2% Graduation Reward to     celebrate the borrower's academic accomplishment.
200

WHERE CAN WE FIND REWARD INFO

  • ON OUR HOME PAGE AT THE     BOTTOM UNDER DISCOVER STUDENT LOANS
200

WHO QUALIFIES

  • Borrowers who applied for     their first freshman Discover undergraduate loan after on or after May 1,     2020, achieve a GPA of 3.0 or greater in high school and are US citizens     or permanent residents are eligible to receive the reward
200

WHO QUALIFIES 

  • Borrowers who applied for a     loan on or after May 01, 2014 and achieve a GPA of 3.0 (or school's     equivalent) or greater at the end of the academic term for which the loan     was taken, are eligible to receive the reward.
200

WHAT IS THE REWARD AMOUNT CALCULATED BASED ON 

  • This reward is equal to 2% of     the loan's principal balance at the end of the month in which the borrower     graduates.
300

WHEN SHOULD WE BE OFFERING THESE REWARDS

  • ON APPLICABLE CALLS     ESPECIALLY ORIG CALLS 
300

CAN THE TWO REWARDS BE COMBINED 

  • YES
300

WHEN DOES THE REWARD NEED TO BE REDEEMED 

Borrowers need to redeem the reward within 6 months after the academic term covered by the loan has ended, or 6 months after the loan’s final disbursement; whichever is later.

300

WHATS THE CUT OFF DATE FOR LAON ELGIBILITY 

  •  prior to May 1, 2014
400

WHAT REWARD DO WE NO LONGER Actively OFFER 

  • GRADUATION REWARDS 
400

WHERE CAN THIS REWARD BE REDEEMED 

ONLINE ONLY 

400

WHAT LOANS DO NOT QUALIFY

Bar Loans

Residency Loans

Private Consolidation Loans

Custom Career

Parent Loan

400

WHAT KIND OF RATE MUST LOAN BE 

  • The loan must be a variable     rate loan.
500

WHAT CAN WE SEND TO CUSTOMER TO PROVIDE MORE INFORMATION 

SCHOOL SHOPPING FORM 

500

CAN IT BE USED AFTER IT EXPIRED 

  • DSL is able to reset the     eligibility status of a borrower's reward status in the Borrower Reward     Maintenance Tool within 30 days of the original expiration date.
500

WILL WE REMIND THE B AND IF SO HOW 

Shortly after final disclosure is generated

End of the academic term covered by the loan

Every 30 days after the academic term(including day 0) covered by the loan until 150 days (six total)

500

CAN REWARD BE REDEEMED ON A PCL LOAN

  • THE LOAN CAN NOT HAVE BEEN     REFINANCED OR CONSOLIDATED WITH ANOTHER LENDER BUT CEN BE REDEEMD BEFORE     PCL

 

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