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CHICAGO, May 27, 2005 - Chase Education Finance announced today that it has successfully launched its new Campus OneSM Loan program for the upcoming 2005-2006 academic year.
Campus One, the bank's newest private loan program, provides an additional choice for students to finance a higher education. It is available under both the Bank One and Chase brands, the two brands used by JPMorgan Chase & Co.'s (NYSE: JPM) student lending business.
Campus One loans, which can be used for any school-approved expense, provide private education financing for four segments of students:
- Undergraduate
- Graduate
- Continuing education and
- Health-professions borrowers.
Each year, students can borrow from $1,000 up to their full cost less aid, based on the loan product selected, including the Campus One Undergraduate Loan, Campus One Graduate Loan, Campus One Continuing Education Loan, and the Campus One Health Professions Loan. Pre-approval on Campus One loans is fast, and fees are as low as 0% for qualified borrowers. No payments are due while the student is in school and there will be a 0.25% interest-rate reduction when payments are made via automatic debit.
Undergraduate and continuing education students may apply with a creditworthy cosigner or, if eligible, on their own. A cosigner release option is also available.
"Campus One dramatically improves the products and services available to our school customers and their students," said Joseph Sergi, First Vice President of Chase Education Finance. "We're excited about the potential of this program for students who get student loans through their school."
More information about the bank's new Campus One Loan program is available online at www.campusone.com, or toll-free by calling 1-877-CAMPUS1. Borrowers may also apply online or by phone. Students should also consider obtaining Federal Stafford and/or PLUS Loans to finance their education. More information on federal loans can be found at www.StudentLoanNet.com.
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