Get more money for college with Chase private student loans

Private student loans

The cost of attendance continues to increase. After you take advantage of federal student loans, you may discover you still have qualified education expenses that need covered.

Private student loans may be a good option to help you fill the gap between what federal, state and school assistance provides and what you actually need in order to afford higher education. Private loans (sometimes called alternative student loans) are credit-based consumer loans to be used specifically for qualified education expenses.*

Private student loans, like auto or home loans, are typically based on your creditworthiness. Factors such as interest rate, length of repayment, loan minimum and maximum, as well as fees, should be carefully considered when researching and choosing a private student loan.

One feature of many private student loans is the ability to postpone (defer) repayment until you graduate from college. Also, private student loans usually offer lower interest rates than credit cards.

Private student loans

• Can cover qualified education expenses
• Can help when federal student loans aren’t enough to fund your entire education
• Have interest rates and fees that are determined by the lender and often depend on your credit rating
• May require the borrower to have a cosigner, if the student does not qualify alone
• May let you defer payments until six months after graduation or leaving school, or you are no longer enrolled in school or, if requested and approved, nine months after your graduate health professions residency is completed.
• May require school certification or completing the FAFSA
• Require completion of a self-certification form

*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 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 private student loans and does not sell them to another lender.

Chase private student 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.

This information was current as of 02/01/2010 and is subject to change. Contact Chase for the most up-to-date terms.

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