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 education.
A Chase Select loan is a credit-based private student loan that must be certified by your school's financial aid office. Your school may require you to complete the Free Application for Federal Student Aid (FAFSA) to determine your loan eligibility. Although a cosigner is not necessary or required to apply for a private student loan, a qualified cosigner may help you get approved for a private student loan and possibly help you qualify for a better interest rate.
Benefits of a Chase Select Private Student Loan include:
In-school deferment repayment option available, which means there are no payments required while in school
No origination or repayment fees
Loans from $500
up to your cost of attendance (minus other aid), but no more than the amount certified by your school
Funds are sent directly to the school
Note: Interest continues to accrue during in-school deferment and will be added to the principal amount of your loan upon entering repayment, which will increase the total amount paid for the loan.
A Chase Select Private Student Loan can cover qualified education expenses, such as:
Tuition
Living expenses
Books
A computer
*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, like the Chase Select Private Student Loan, can be used when federal loans, grants and other forms of financial aid are not sufficient to cover the full cost of attendance.
Chase services its Chase Select loans and does not sell them to another lender.
Chase Select loans are subject to credit approval, receipt of a completed and signed loan application/promissory note and self-certification form, verification of application information, acceptance of loan terms, and school certification of loan amount and student's enrollment at a Chase-participating school.
Maximum annual loans up to cost of attendance, minus other aid, as certified by the school. Aggregate maximum loan limits apply.
This information was current as of 06/30/2010 and is subject to change. Contact Chase for the most up-to-date terms.
