Discover Financial explores sale of students loan portfolio

(Reuters) -Discover Financial Services said on Wednesday it was exploring the sale of its students loan portfolio.

The company said it will stop accepting applications for student loans from Feb. 1, 2024 without impacting the loans or payments from current customers.

The potential sale will see the transfer of servicing of these loans to a third-party. The company did not give a deadline for the sale.

(Reporting by Pritam Biswas in Bengaluru; Editing by Arun Koyyur)

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