Discover Financial Services Plans To Cease Student Loan Originations February 1, 2024 - Filing
Portfolio Pulse from Benzinga Newsdesk
Discover Financial Services (DFS) has announced in a filing that it will stop originating student loans as of February 1, 2024. Current Discover Student Loans customers and their existing loans or payments will not be affected by this change.

November 29, 2023 | 9:40 pm
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Discover Financial Services will no longer originate student loans starting February 1, 2024, but current loans and payments remain unaffected.
Discover Financial Services' decision to stop student loan originations may indicate a strategic shift or a response to market conditions. Since current loans are not impacted, the immediate financial effect on the company may be limited. However, the long-term impact on revenue and business structure could be more significant. The score is neutral as the market may have mixed reactions to this news, balancing the potential loss of future revenue against the possible benefits of reallocating resources.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80