Discover Financial Services sells $10.1bn student loan portfolio to Carlyle and KKR for $10.8bn.

Discover Financial Services plans to sell its $10.1bn private student loan portfolio to Carlyle and KKR for up to $10.8bn, marking one of the largest U.S. student loan portfolios. The deal will help de-risk Discover's loan book as it prepares to be acquired by Capital One, which has pledged to commit $265bn over five years to lending, philanthropy, and investment if the acquisition goes through.

July 17, 2024
9 Articles