| When you're looking for ways to pay for college, you | | | | Chase offers a competitive rate on federal loans |
| have to research various banks and lenders, and | | | | compared to the Department of Education, cutting .1% |
| compare their private loan services and also look at | | | | off the normal fixed interest rate. This gives Stafford |
| what privately-funded federal loan conditions they | | | | loans an interest rate of 6.7% compared to 6.8%, and |
| offer versus direct federal loans from the Department | | | | PLUS loans have an interest rate of 8.4% compared |
| of Education. Chase Bank student loans are available | | | | to 8.5%. Chase offers full assistance in receiving |
| for every step in the higher education process, | | | | federal loans and helps you with all the necessary |
| including federal and private loans. | | | | paperwork without charging origination or default fees |
| Federal Stafford loans have the same basic standards | | | | on their loans. |
| whether they come from the Department of | | | | Any other expenses can be paid for with private |
| Education directly or through a bank, credit union, or | | | | student loans. With Chase Select loans, you can |
| other private lender. The maximum fixed interest rate | | | | borrow as little as $500, if you need only a small |
| is 6.8%, and you can defer payment until you finish | | | | amount to make up the difference in your cost of |
| school or drop under half time enrollment. Government | | | | attendance and what your other loans and student aid |
| subsidized Stafford loans are granted based on need; | | | | cover, or as much as $40,000 if you need it. |
| in this case the government pays the interest on your | | | | The Chase Health Education Program is specifically |
| loan while you study. If your loan is not subsidized, if | | | | designed for people studying to become professionals |
| you defer payment until after finishing school the | | | | in the health industry. This is a long and expensive |
| interest is capitalized. | | | | process, and Chase offers a group of loans targeted |
| Parents and graduate students can apply for PLUS | | | | toward making this possible, from medical school to |
| loans, which do come with credit requirements but an | | | | residency. |
| eligible cosigner can be used. These loans cover | | | | You can consult Chase and have your questions |
| education costs that are not covered by Stafford | | | | answered by phone or online, whichever is more |
| loans, which do not have a credit requirement, and any | | | | convenient for you. Chase Bank student loans offer |
| available student aid. Chase also offers federal | | | | private loans and federal loans at lowered interest |
| consolidation loans; private and federal loans can be | | | | rates. |
| consolidated together. | | | | |