Students and parents see side-by-side comparisons of award letters to
determine their share of college costs
RIVERWOODS, Ill.–(BUSINESS WIRE)–Discover Student Loans introduces a new Award Letter Comparison tool
that will help families compare financial aid packages side by side. The
free interactive tool will provide personalized results so users can
easily understand total cost of attendance, which schools are offering
the most financial aid and the costs a family will be expected to cover.
“Discover Student Loans is committed to helping families navigate the
college financing process, and our Award Letter Comparison tool
simplifies a crucial step toward making a final college choice,” said
Mike Boush, president of Discover Student Loans. “Award letters differ
from school to school and don’t always follow the same template. We’re
helping families easily compare award letters so they can make informed
decisions and determine what works best to meet their education
In three easy steps, families can compare financial aid packages from up
to five schools using key information from each school’s award letter.
The tool provides a detailed breakdown of the amount a family would need
to pay for each school after factoring in grants, scholarships,
work-study and federal student loans. The results are displayed in
easy-to-read graphs to standardize award letters in different formats
and make comparison easier. The tool is mobile friendly and results can
be saved or printed for future reference.
The comparison tool adds to a number of existing tools and resources
from Discover Student Loans that can help parents and students manage
costs associated with college and answer key questions as families
navigate the planning and paying for college.
For more information on the Award Letter Comparison tool from Discover
Student Loans, please visit www.discover.com/student-loans/award-letter-comparison-tool.html
For more information about Discover Student Loans, please visit www.discover.com/student-loans.
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 issues
the Discover card, America’s cash rewards pioneer, and offers private
student loans, personal loans, home equity loans, checking and savings
accounts and certificates of deposit through its direct banking
business. It operates the 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 www.discover.com/company.
Discover Financial Services
Susan J. Villalobos