Chase is pleased to continue offering the KeystoneBEST Stafford loan program in conjunction with American Educational Services (AES) for the 2009-2010 academic year. The KeystoneBEST program makes loans more affordable to Pennsylvania residents attending qualified participating schools and out-of-state residents attending qualified participating Pennsylvania schools.
Stafford Loan
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Chase KeystoneBEST Benefits for Federal Stafford Loans For loans guaranteed with loan periods beginning on or after
To be eligible for this program, a borrower must either have permanent residence in the state of Pennsylvania and attend a qualified participating school, or attend a qualified participating school located within the state of Pennsylvania. Loans must be originated and serviced at American Education Services and be guaranteed by the by the Pennsylvania Higher Education Assistance Agency.
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PLUS and Grad PLUS Loans
| Chase KeystoneBEST Benefits for Federal PLUS and Grad PLUS
Loans
For loans guaranteed with loan periods beginning on or after
To be eligible for this program, a borrower must either have permanent residence in the state of Pennsylvania and attend a qualified participating school, or attend a qualified participating school located within the state of Pennsylvania. Loans must be originated and serviced at American Education Services and be guaranteed by the by the Pennsylvania Higher Education Assistance Agency. |
Chase SelectSM Loan
Chase Select makes financing your education affordable. If federal loans, scholarships, grants and other aid don’t cover your cost of attendance, a Chase Select loan can help. Chase Select is a school-certified private student loan program for undergraduate, graduate and graduate health professions students. Features include:**
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*Important Information: For loans that are guaranteed on or after June 1, 2008, the 0.25% interest rate reduction is available to borrowers in repayment who elect to have their monthly payments automatically deducted from a bank account by Chase. This interest rate reduction will begin when the borrower enrolls and begins having payments automatically deducted by Chase and will remain in effect as long as automatic payments continue without interruption. The reduced interest rate will return to the non-discounted rate if automatic payments are canceled, rejected or returned for any reason or during periods of deferment or forbearance. The 0.25% interest rate reduction will not lower the monthly payment amount but instead will reduce the interest that accrues, thereby reducing the total amount repaid and the time in which the loan is repaid. Chase may sell these loans to the U.S. Department of Education, and the U.S. Department of Education may continue to honor this automatic payment interest rate reduction. Visit ChaseStudentLoans.com/rates for current interest rates. Generally, Stafford, PLUS and Grad PLUS borrowers have up to 10 years to repay their loans. New borrowers after October 7, 1998, whose total outstanding principal and interest in Federal Family Education Loan Program (FFELP) loans exceeds $30,000, may repay on a level or graduated repayment plan for a period that may not exceed 25 years. There are no penalties for early repayment of FFELP loans. Contact Chase to learn more about repayment term options. Terms and conditions apply. Benefit programs are subject to change. Loans are subject to submission of a completed application, credit approval and other required documentation and verification, as applicable. This information was correct as of 06/01/08.
**Important Information: As students determine the best way to finance their education, they should consider the full range of student financial aid options available. Private loans can be used when federal loans, grants and other forms of financial aid are not sufficient to cover the full cost of attendance.
Chase Select loans are subject to credit approval, verification and acceptance of loan terms. Other terms and conditions apply.
The 0.25% rate reduction is available to borrowers in repayment who enroll to have their monthly payments automatically deducted from a bank account by Chase. This interest rate reduction will begin when automatic payments start and will remain in effect as long as they continue without interruption. The reduced interest rate will return to the non-discounted rate if automatic payments are canceled, rejected or returned for any reason or during periods of deferment or forbearance. This will not lower the monthly payment amount but will instead reduce the interest that accrues, thereby reducing the total amount repaid and the time in which the loan is repaid.
Upon request by the student borrower, cosigners are eligible to be released from the loan after any 36 consecutive payments of principal and interest are paid on time. The borrower must meet credit criteria at the time of cosigner release. Other terms and conditions apply. Benefit programs are subject to change.
Maximum annual loans up to cost of attendance, minus other aid, as certified by the school. Aggregate maximum loan limits apply.
†Rates are variable and adjusted quarterly based on the three-month LIBOR Index plus a margin. Lowest rate shown is for applicants approved with a qualified cosigner. Actual rate is subject to application review, creditworthiness of the borrower and cosigner, if applicable, and the school type.
This information was current as of 03/01/2010 and is subject to change. Please contact Chase for most up-to-date product terms.