Discover Financial Services To Sell Private Student Loan Portfolio; Purchase Price Expected To Be Up To To $10.8B, Expected To Close By End Of 2024
Portfolio Pulse from Benzinga Newsdesk
Discover Financial Services (DFS) has announced plans to sell its private student loan portfolio for up to $10.8 billion, with the transaction expected to close by the end of 2024.
July 17, 2024 | 12:15 pm
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Discover Financial Services (DFS) is selling its private student loan portfolio for up to $10.8 billion, with the deal expected to close by the end of 2024. This move could streamline DFS's operations and improve its balance sheet.
The sale of the private student loan portfolio is a significant move for DFS, potentially improving its balance sheet and allowing the company to focus on other core areas. The expected purchase price of up to $10.8 billion is substantial and could positively impact the company's financial health.
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