If other federal loans and financial aid aren't enough, a Chase Health Grad PLUS Loan can provide the funds you need to continue your healthcare studies (cost of education minus other financial aid) at a low interest rate.*
Benefits:
- 0.25% interest rate reduction for having monthly payments automatically deducted from your bank account (ACH) by Chase
- Deferment while in school
- Fixed interest rate
Are you eligible?
In general, eligible borrowers must:
- Be enrolled at least half time in an eligible program
- Be a U.S. citizen or national, or eligible non-citizen, with a valid Social Security Number
- Have a United States address (no P.O. Boxes)
- Register with the Selective Service, if required
- Maintain satisfactory academic progress once in school
- Certify that you are not in default on a federal student loan and do not owe money on a federal student grant
- Complete the Free Application for Federal Student Aid (FAFSA) and receive a determination of eligibility for your maximum loan amount under the Federal Subsidized and Unsubsidized Stafford Loan Program
- Certify, as part of the Federal PLUS Loan Application and Master Promissory Note, a statement of educational purpose
- Not have adverse credit
- Meet other Title IV program requirements—see your financial aid office for more information
Not eligible? Visit ChaseStudentLoans.com for other options.
*Important Information:
Federal Loans—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 will instead reduce the interest that accrues, thereby reducing the total amount repaid and the time in which the loan is repaid. Chase may sell this loan 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 and Grad PLUS borrowers have up to 10 years (excluding periods of authorized deferment and forbearance) 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.
Federal Loans—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 will instead reduce the interest that accrues, thereby reducing the total amount repaid and the time in which the loan is repaid. Chase may sell this loan 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 and Grad PLUS borrowers have up to 10 years (excluding periods of authorized deferment and forbearance) 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 current as of 07/07/2008.
