The first financing option for graduate students pursuing healthcare careers is the Federal Stafford Loan. Chase is one of the nation's leading providers of Federal Stafford Loans, including the Chase Health Stafford Loan.*
Benefits:
- No borrower-paid origination or default fees
- 5.80% interest rate at repayment and for the remainder of the loan term
- Accrued interest capitalized only after uninterrupted periods of grace and deferment
Interest rate reduction:
- 1.0% reduction at repayment
Are you eligible?
In general, eligible borrowers must:
- Demonstrate financial need for subsidized Stafford loans
- 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
- Not be in default on any federal education loan or owe money on a federal student grant
- Maintain satisfactory academic progress once in school
- Certify, as part of the Free Application for Federal Student Aid (FAFSA), a statement that you will use federal student aid only for educational purposes
- Not have borrowed in excess of any annual or aggregate Federal Stafford Loan limit
- Not have been convicted of, or have pled guilty or no contest to, a crime involving fraud obtaining Title IV financial assistance, unless you repay in full the funds that were obtained fraudulently
- Not be liable for an overpayment nor have exceeded annual or aggregate limits imposed on any Federal Stafford Loans or other Title IV programs
- 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 Chase Health Education Program loans that have a first disbursement date between June 1, 2008, and June 30, 2009, Chase will pay on behalf of the borrower all federally mandated origination fees for Chase Health Stafford Loans. In addition, for Chase Health Stafford and Grad PLUS loans that are originated and serviced directly by Chase under federal lender code 831216, Chase will pay all federally mandated default fees that are not paid by the guarantor on behalf of the borrower. Stafford loan borrowers will receive a 1.00% interest rate reduction, and Grad PLUS loan borrowers will receive a 0.40% interest rate reduction. The interest rate reductions will be applied automatically at the time the loan enters repayment and will remain in place for the remainder of the loan term or until loan default or loan consolidation. The interest rate reductions will not lower the monthly payment amount but instead will reduce the interest that accrues, thereby reducing the total amount repaid and the loan term. Terms and conditions apply. Benefit programs are subject to change. Loans are subject to submission of a completed application and other required documentation and verification. Grad PLUS loans are subject to credit approval and verification of application information. This information was current as of 03/01/2008.
Federal Loans—For Chase Health Education Program loans that have a first disbursement date between June 1, 2008, and June 30, 2009, Chase will pay on behalf of the borrower all federally mandated origination fees for Chase Health Stafford Loans. In addition, for Chase Health Stafford and Grad PLUS loans that are originated and serviced directly by Chase under federal lender code 831216, Chase will pay all federally mandated default fees that are not paid by the guarantor on behalf of the borrower. Stafford loan borrowers will receive a 1.00% interest rate reduction, and Grad PLUS loan borrowers will receive a 0.40% interest rate reduction. The interest rate reductions will be applied automatically at the time the loan enters repayment and will remain in place for the remainder of the loan term or until loan default or loan consolidation. The interest rate reductions will not lower the monthly payment amount but instead will reduce the interest that accrues, thereby reducing the total amount repaid and the loan term. Terms and conditions apply. Benefit programs are subject to change. Loans are subject to submission of a completed application and other required documentation and verification. Grad PLUS loans are subject to credit approval and verification of application information. This information was current as of 03/01/2008.
