Discover Student Loans Provides More Opportunities to Win with Updated Scholarship Program

Award to Now Provide $100,000 in College Scholarships

RIVERWOODS, Ill.–(BUSINESS WIRE)–Discover Student Loans is continuing to help cover college costs by
increasing the overall dollar amount and number of winners to its annual
scholarship sweepstakes. The program will award a total of $100,000 in
college scholarships to 40 students who enter between March 2016 and
February 2017. Each winning student will receive a $2,500 scholarship to
help cover college costs such as tuition, housing and books. Students
can continue to increase their chances to win by gaining bonus entries
through social shares.

“The new changes to the Discover Student Loans scholarship award will
allow us to help even more students pay for a college education,” said
Danny Ray, president of Discover Student Loans. “Scholarships and other
free money play a critical role in the early stages of paying for
college. It’s our hope that students and families will take advantage of
the Discover Student Loans scholarship, its simple application process
as well as our scholarship search database so they can find other
opportunities that will help them pay for college.”

Students planning to attend an accredited, nonprofit, four-year college
or university in the U.S. at least half-time this fall are eligible to
enter the scholarship sweepstakes online starting in March, and awards
can be used during the 2016-17 academic year. High school seniors and
current undergraduate students are eligible.

Between June 2016 and March 2017, D.L. Blair, Inc., an independent
judging organization, will conduct four random drawings from all of the
eligible entries received and 10 winners will be selected per drawing.
Students can earn up to three additional entries into the Discover
Student Loans scholarship sweepstakes if they share their original entry
via Facebook, Twitter and/or email. Students who enter will receive tips
and information on planning and paying for college. No purchase or
student loan necessary to enter or win.

Discover Student Loans also provides additional scholarship resources
online that allow students to search for more than three million
scholarship and grant opportunities nationwide, which are valued at more
than $18 billion. The database provides personalized results based on
key categories such as career, interests and major. For access to
Discover’s free database of scholarships and grants, students can visit www.collegecovered.com

For more information and full sweepstakes rules and terms, students and
parents can visit https://scholarship.collegecovered.com/do/rules
or www.DiscoverStudentLoans.com

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 issues
the Discover card, America’s cash rewards pioneer, and offers private
student loans, personal loans, home loans, checking and savings
accounts, and certificates of deposit and money market accounts 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.

Contacts

Discover Financial Services
Rob Weiss
224-405-6304
robertweiss@discover.com