The Chase Private Student Loan
Chase Private Student Loans are available to students who attend participating undergraduate and graduate colleges and universities as well as career, technical and trade schools across the nation.
The Chase Private Student Loan is an unsecured, credit-based loan that can be used for any education-related expenses. Some students will need a U.S. cosigner to qualify for a Chase Private Student Loan, but cosigners are not required to apply. Adding a cosigner may lower your interest rate. A cosigner can be a parent, relative, spouse or friend.
Private Student Loan Benefits include:
- $1,000 - $40,000 available per year
- Funds are sent directly to you in as little as five business days
- Use your funds for any education-related expense including tuition, living expenses, books, fees, supplies—even a computer or previous school fees
- No financial aid forms or school certifications are required
- Flexible repayment terms
- No application deadlines; apply anytime
Repayment
Undergraduate Students—These are your repayment options:
- Defer Principal and Interest—Make no payments for up to 4 ½ years including grace period while continuously enrolled in school at least half time (5 ½ years including grace period if enrolled in five-year degree program).
- Immediate Repayment of Interest Only (Defer Principal)—Pay only interest for up to four years while continuously enrolled in school (five years if enrolled in five-year degree program).
- Immediate Repayment of Principal and Interest
Graduate Students can defer principal and interest payments for up to 4 ½ years (8 ½ years for medical students) including grace period while continuously enrolled in school at least half time.
Continuing Education Students (students enrolled less than half time) have principal and interest payments automatically deferred. Repayment begins the earlier of:
- 180 days after you graduate or earn a certificate
- 180 days after you cease to be enrolled at the school
- Two years after the date of the last loan disbursement
Note to all students: Interest continues to accrue during deferment and will be added to the principal balance of your loan upon entering repayment.
Loan Process
Apply online or call 1-866-532-0806 today and you can be conditionally approved in minutes. To receive your funds, all you'll need to do is:
- Download your loan documents or we can mail them to you.
- Complete, sign and return your completed loan documents and the required verification materials either by fax or mail.
Once we've received your documents, your funds can be mailed to you in as little as two days after final approval.
*Important Information:
As you determine the best way to finance your education, you should consider the full range of student financial aid options available. Private loans, like the Chase 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 education. Chase services its Private Student Loans and does not sell them to another lender.Loans are subject to credit approval, receipt of a completed Application/Promissory Note, verification of application information and verification of student's enrollment at a participating school. $40,000 annual maximum is based on creditworthiness and cost of attendance at school. $150,000 cumulative student loan borrowing limit. Repayment plans vary with enrollment status and loan type. See the Learn More page of this Web site or call for terms and conditions. Loans to repay previous school fees require a current school bill dated within the last 60 days and are limited to the amount owed the school.
This organization will earn a marketing fee from Chase for endorsing educational loan programs by Chase. Revenue earned helps support member programs and services.