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 and graduate students. Features include:**
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**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 08/06/2010 and is subject to change. Please contact Chase for most up-to-date product terms.