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General
HSGG
RFGG
GRAD
100

WHAT REWARDS DO WE OFFER

  • REWARDS FOR GOOD GRADES AND     HIGH SCHOOL GOOD GRADE REWARDS
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WHAT IS HSGG

  • HIGH SCHOOL GOOD GRADE REWARD     1% CASH BACK 
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WHAT IS RFGG 

  • REWARD FOR GOOD GRADES 1%     CASH BACK 
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 WHAT IS THE GRAD REWARD

  • 2% Graduation Reward to     celebrate the borrower's academic accomplishment.
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WHERE CAN WE FIND REWARD INFO

  • ON OUR HOME PAGE AT THE     BOTTOM UNDER DISCOVER STUDENT LOANS
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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
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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.
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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.
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WHEN SHOULD WE BE OFFERING THESE REWARDS

  • ON APPLICABLE CALLS     ESPECIALLY ORIG CALLS 
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CAN THE TWO REWARDS BE COMBINED 

  • YES
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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.

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WHATS THE CUT OFF DATE FOR LAON ELGIBILITY 

  •  prior to May 1, 2014
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WHAT REWARD DO WE NO LONGER Actively OFFER 

  • GRADUATION REWARDS 
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WHERE CAN THIS REWARD BE REDEEMED 

ONLINE ONLY 

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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 

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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.
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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)

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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