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Press release from Business Wire

Discover Tailors New Private Student Loans for Graduate Students in Health Professions, Law and MBA Programs

<p class='bwalignc'> <i><b>Specialty Loans Feature Competitive Rates and 24/7 Customer Service</b></i> </p>

Wednesday, January 11, 2012

Discover Tailors New Private Student Loans for Graduate Students in Health Professions, Law and MBA Programs12:25 EST Wednesday, January 11, 2012 RIVERWOODS, Ill. (Business Wire) -- Discover Student Loans recently added three new private student loans designed for graduate students in health professions, law school and MBA programs. The new loans are available on the recently redesigned DiscoverStudentLoans.com and are supported by student loan specialists available 24 hours every day. The new DiscoverStudentLoans.com includes more tools and information to help students and parents with each step of the process – from exploring financial aid to repaying student loans. “By redesigning the Discover Student Loans website and adding more loan options, Discover continues to build on its commitment to help students cover the necessary costs of an education where savings, grants and federal loans fall short,” said Steve Olszewski, senior vice president for Discover Student Loans. “The competitive interest rates of our new graduate loans provide a compelling reason for students in these fields to apply for a loan from Discover.” Variable rates for the new graduate loans are currently lower than the fixed-rate federal Graduate PLUS Loan and include a nine-month grace period and a 20-year repayment period to help students manage their monthly payments. As with Discover's other loans for undergraduate and graduate students, the new specialty loans have zero origination fees, and borrowers are eligible for a 2 percent Graduation Reward that can be applied to the principal loan balance or received in cash once they complete their degrees. The new Discover Health Professions Loan is for graduate students seeking advanced degrees in allopathy, dentistry, nursing, occupational therapy, optometry, osteopathy, pharmacy, physical therapy, physician assistant, podiatry, and veterinary medicine. For more information, visit DiscoverStudentLoans.com or call 1-877-728-3030 anytime to speak with a U.S.-based student loan specialist. About Discover Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit http://www.discoverfinancial.com. DiscoverJon Drummond, 224-405-1888jondrummond@discover.com