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**Discover Financial Services to Explore Sale of Student-Loan Business**

Discover Financial Services is making moves to potentially sell its student-loan business, with plans to cease accepting new loan applications in February. Existing customers and their loans will remain unaffected by the sale, the company announced on Wednesday from its headquarters in Riverwoods, Illinois. This decision comes after a report from Bloomberg News in September that Discover was considering a sale, with analysts predicting potential interest from Navient Corp. and SoFi Technologies Inc.

The company’s board has concluded that selling the business will enable Discover to concentrate on its core banking products, seizing opportunities to further develop and enhance its offerings.

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