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. Students must attend at least half-time. (For students who attend less than half-time, please see the Continuing Education loan)

The Chase Private Student Loan is an unsecured, credit-based loan that can be used for any education-related expenses, such as tuition, books, room & board, a new laptop computer or previous school fees. Unless you're employed while in school and meet other income and credit guidelines, most students will need a U.S. cosigner to qualify for a Chase Private Student Loan, but cosigners are not required to apply. A cosigner can be a parent, relative, spouse or friend.

Private Student Loan Benefits include:

  • $1,000 - $40,000 available per year1
  • Funds are sent directly to you within two business days of final approval
  • Use your funds for any education-related expense including tuition, living expenses, books, fees, supplies—even a laptop computer or previous school fees
  • No financial aid forms or school certifications are required
  • Flexible repayment terms
  • No application deadlines; apply anytime

Eligibility

  • You must be an undergraduate or graduate student enrolled at least half-time in a degree or certificate program at a Chase approved school. (For students attending less than half-time, please see the Chase Continuing Education Loan details below.)
  • At least one applicant3 must be creditworthy and must be a U.S. citizen or permanent resident.

Note: An approved school is any accredited degree-granting institution of higher education approved by Chase.

Deferment4

Undergraduate Students—These are your deferment options:

  • Defer Principal and Interest—Make no payments for up to four years while continuously enrolled in school (5 years if enrolled in 5-year degree program). Repayment of principal and interest then begins within 180 days after graduation, withdrawal from school, or enrollment dropping below half-time.
  • Immediate Interest Only (Defer Principal)—Pay only interest for up to four years while continuously enrolled in school (five years if enrolled in 5-year degree program). Repayment of principal and interest then begins within 45 days after graduation, withdrawal from school, or enrollment dropping below half-time.
  • Immediate Repayment of Principal and Interest—Pay principal and interest in a fixed monthly amount beginning within approximately 45 days after funds are disbursed.

Graduate Students can defer principal and interest payments up to 41/2 years (8 1/2 years in the case of medical students) including grace period while continuously enrolled in school at least half-time.

See Loan Process

Chase Private Student Loan for Continuing Education Students & Non-Traditional Students

Continuing Education Student Loans are available to part-time (less than half-time) students who attend participating schools across the nation, regardless of the school type or education program. Whether you're completing a degree or certificate program or taking classes to further your career or personal development, the Continuing Education loan can assist you.

Continuing Education Student Loans are an unsecured, credit-based loan that can be used for any education-related expenses, such as tuition, books, room & board, a new laptop computer or previous school fees. Unless you're employed while in school and meet other income and credit guidelines, most students will need a U.S. cosigner to qualify for a Chase Private Student Loan, although this is not required. A cosigner can be a parent, relative, spouse or friend.

Eligibility

For continuing education students:

  • Borrower or cosigner must be creditworthy and must be a U.S. citizen or Permanent Resident.3
  • Student must be attending a Chase-approved school.

Note: An approved school is any accredited degree-granting institution of higher education approved by Chase.

Deferment4

For continuing education students:

  • Principal and interest are automatically deferred

Repayment begins the earlier of the dates which are:

  • 180 days after the student graduates or earns a certificate,
  • 180 days after the student ceases to be enrolled at the school, or
  • Two years after the date of the last loan disbursement.

If the student is not enrolled in a degree or certificate program, repayment begins either 180 days after the end of the academic period to which the loan relates or 180 days after the student ceases to be enrolled at the school, whichever is earlier.

Loan Process

Here's how the loan process works:

  1. To request your loan, apply online or call us toll-free at the number listed at the top of this page.
  2. Once your application is submitted, you can be conditionally approved in as little as 60 seconds!2
  3. Download your loan documents online or we can mail them to you.
  4. Complete, sign and return (by fax or mail) your pre-completed loan documents and the required verification documentation materials.
  5. Once these documents are received, your application will be processed as quickly as possible... plus, we can mail your funds to you in as little as two days after final approval.

Loan Servicing

CFS-Suntech Servicing, part of the Chase family of companies, services Private Student loans. Suntech provides accessible and personalized service together with convenient telephone access to your account information. Shortly after your loan is processed and funded, they will contact you with your repayment information.

Suntech will be your best source for information on billing, payment, deferment/forbearance, and other account information. If you have any questions about your new loan, please contact one of our customer service representatives at customerservice@collegeloansite.com or call us toll-free at the number listed at the top of this page, Monday through Friday, 8 AM to 5 PM Eastern time.

1. $40,000 annual limit for Undergraduate/Career Education and Graduate/Professional student loans based on cost of attendance at the school and borrower's credit ability. Chase offers convenient education financing with flexible loan amounts from $1,000 to $40,000 with an aggregate maximum of $150,000.

2. Subject to verification of application information.

3. You may need a cosigner since this is a credit-based loan.

4. Interest continues to accrue during deferment and will be added to the principal balance of your loan upon entering repayment.

As you determine the best way to finance your education, you should consider the full range of student financial aid options available to you. Private loans may be used for any education related expenses such as tuition, room and board, books, computers, and past due balances. Private loans can also be used to supplement federal student loans, when federal loans, grants and other forms of financial aid are not sufficient to cover the full cost of education.