RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Student Loans is continuing to help cover college costs by giving away $50,000 in college scholarships. The program will award 20 students between June 2015 and March 2016 with a scholarship of $2,500 to be used for college costs including tuition, housing and books. Students can increase their chances to win by gaining bonus entries through social shares.
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 also can receive tips and information on planning and paying for college.
“Discover Student Loans is excited to once again offer our scholarship program. We realize the important role scholarships play in financing a college education,” said Andrew Hopkins, vice president of Discover Student Loans. “We understand from our annual survey that families are still worried about the cost of college, which is why our scholarship program, as well as our online scholarship search database, make it easier for families to find additional free money to be used to pay for a college education.”
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 March 6, and awards can be used during the 2015-16 academic year. High school seniors and current undergraduate students are eligible.
Between June 2015 and March 2016, D.L. Blair, Inc., an independent judging organization, will conduct four random drawings from all of the eligible entries received and five winners will be selected per drawing. 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 Discover.com/student-loans/scholarships.
Discover Student Loans offers a range of free financial tools geared toward incoming and current college students, including tips and resources on the financial aid process, an interactive tool that explores salary and employment information for different majors, and various student loan calculators to help estimate how much to borrow, anticipated monthly payments and how to pay off student loans faster. For more information, visit 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 loans, checking and savings accounts, 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.