Federal Student Loan Program: Federal Stafford Loans

Consider the following features and benefits of a Stafford Loan:

• No payments are required while you are in school at least half-time
• A six-month payment-free grace period immediately following graduation or separation from school
• Flexible repayment options, including consolidation
• No prepayment penalty
• No credit check is required
• Interest may be tax-deductible.¹
• Borrowers may defer their payments for a number of reasons, such as grad school or military service.

Chase is a national leader in the Stafford loan program and has provided billions of dollars of Stafford loans to both undergraduate and graduate students. Each year, thousands of students choose us for their Stafford loans because they depend on us to provide the following:

• Trust -- As one of the nation’s leading financial institutions, Chase is a company you can trust.
• Convenience -- We offer a quick, easy application process – either online or by phone.
• Expertise -- Our team includes highly-trained and knowledgeable service representatives who can provide you with professional advice and assistance throughout the process.
• Savings -- 6.7% interest rate at repayment and for the remainder of the loan term — Automatic 0.10% off the statutory rate
• Security -- Your sensitive financial information is secure with Chase.
• No fees -- Chase does not charge its Stafford borrowers origination or default fees, making more funds available when it's most needed.*

These benefits are for loans originated and serviced by Chase.

We recommend you review our Frequently Asked Questions for more information about Stafford loans and what you can expect from the application process.

1. Consult your tax advisor for information.

*Important Information: For Stafford loans that have a first disbursement date between December 1, 2007, and June 30, 2008, Chase will pay on behalf of the borrower: (1) all federally mandated origination fees; and (2) all federally mandated default fees that are not paid by the guarantor on behalf of the borrower. In addition, if such loans are originated and serviced directly by Chase under federal lender codes 803000, 834059 or 821087, the borrower will receive a 0.10% interest rate reduction that 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 default or loan consolidation. The 0.10% interest rate reduction will not lower the monthly payment amount but will reduce the interest that accrues, thereby reducing the total amount repaid and the time in which the loan is repaid. Chase currently holds and does not sell its Stafford, PLUS and Grad PLUS loans made under these lender codes. 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.