![]() ![]() ![]() 3-Month CME Term SOFR is administered by CME Group and is published by CME Group on its website (/termsofr). The 3-Month CME Term SOFR index value for variable interest rate loans is X as of X. The variable interest rate is calculated based on the 3-Month CME Term SOFR index plus the applicable margin percentage less any applicable discounts. The variable interest rate and corresponding APR may increase over the life of the loan. The fixed interest rate is set at the time of application and does not change during the life of the loan unless you are no longer eligible for one or more discounts. Visit /Reward for reward and redemption terms and conditions. Students who get at least a 3.0 GPA (or equivalent) may qualify for a one-time cash reward of 1% of the loan amount on each new Discover undergraduate and graduate student loan. Compare Federal and Private Student Loans ![]()
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