Chase Select Private Student Loans are available exclusively to Chase customers. Chase requires that either the student borrower or the cosigner be a Chase customer with a qualifying account or loan relationship.
  • Qualifying Chase Accounts and Loan Relationships include:
    • Savings, checking or deposit account
    • Existing loan account (including a Chase student loan)
    • Credit card account


  • Chase Select is a school-certified private student loan program for undergraduate, graduate and graduate health professions students. Students are strongly encouraged to exhaust federal loans, scholarships, grants and other financial aid before applying for a private student loan.

    Apply Now for a Chase Select Private Student Loan Learn More About Chase Select Private Student Loans !

    Note: You must have a qualifying Chase account or loan relationship in order to be eligible for a Chase Select Private Student Loan.

Choose How to Pay Your Student Loan

Chase Select offers three repayment options, giving you the ability to select the option that's best for you.

Immediate Repayment

Payments of principal and interest while in school give you the most savings compared to the other repayment options.
See repayment savings examples »

Interest-Only Repayment

Interest-only payments while in school could save you money by helping you avoid having the accumulated interest on your loan being added to your loan principal balance at repayment of principal and interest (capitalized interest†). See repayment savings examples »

Deferred Repayment

If you cannot afford to make payments while in school, you can opt to make no payments while in school, but interest will accumulate and will be added to principal at repayment (capitalized interest†). This will increase the overall cost of the loan, as compared to other repayment options.
See repayment savings examples »

Consider Applying with a Cosigner

Although a cosigner is not necessary or required to apply, a cosigner may increase the likelihood of approval and may result in a better interest rate. For student loans disbursed within the current academic year, the student borrower may request that the cosigner be released after 36 consecutive, on-time payments of principal and interest. At the time of the request for cosigner release, the student borrower must meet Chase’s minimum credit criteria and other established cosigner release eligibility requirements in order to establish the capacity to repay the loan on his or her own. The student borrower becomes solely responsible for repayment of the loan after the cosigner is released.

Making Payments While in School

Even if you choose the deferred repayment option, making even small monthly payments while you're in school will reduce the overall cost of your loan and can help you graduate with less student loan debt. There are no prepayment penalties; paying now can help you pay less later.


*Important Information: Chase Select 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, school certification of loan amount and student's enrollment at a Chase Select-participating school. Either the student or cosigner applicant must have a qualifying Chase account or loan relationship in order to be eligible for a Chase Select Private Student Loan.

†Capitalized interest is the interest that accrues on your loan during periods of deferment and that is added to your loan's principal balance at repayment.

Student borrowers and cosigners are equally responsible for repayment of the loan.

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Repayment Savings Examples

The examples below illustrate the savings that may be achieved by making payments during school, are for illustration purposes only and assume, for ease of presentation, a 5.00% interest rate. Keep in mind that the Chase Select Private Student Loan is a variable interest rate loan and that your actual savings will vary depending on factors specific to your loan, including the interest rate.*

  Immediate Repayment Interest-Only Repayment Deferred Repayment
Lowest Cost Option Intermediate Cost Option Highest Cost Option
Loan Amount $10,000 $10,000 $10,000
Interest Rate / APR 5.00% / 5.00% 5.00% / 5.00% 5.00% / 4.83%
Interest Accumulated to be Capitalized $0 $0 Year 1: $500.92
Year 2: $499.55
Year 3: $499.55
Year 4: $499.55
Six-month grace period: $246.34
Total: $2,245.91
Debt Amount at start of Principal & Interest Repayment (includes capitalized interest,† if applicable) $10,000 $10,000 $12,245.91
(Includes $2,245.91 capitalized interest†)
Monthly Payment while in school and during any applicable grace period $66.12 $41.70 $0
Monthly Payment after exit from school $66.12 $77.23 $80.65
Total Interest Paid (over 20-year loan term) $5,867.79 $6,650.49 $9,354.97
(Includes capitalized interest†)
Total Amount Repaid (over 20-year loan term) $15,867.79 $16,650.49 $19,354.97
Dollar Savings (compared to deferred repayment) $3,487.18 $2,704.48 NA

†Capitalized interest is the interest that accrues on your loan during periods of deferment and that is added to your loan’s principal balance at repayment.

*The interest savings examples above are based on a 20-year, $10,000 loan with single disbursement and a 5.00% interest rate over the term of the loan. Assumes completion of a four-year school program, a 240-month repayment term and no interest rate reduction for enrolling to have payments automatically deducted from a bank account. The deferred and interest-only examples also assume that you have a six-month grace period before beginning repayment of principal and interest. The interest-only example assumes a 240-month repayment term with 4½ years of interest-only payments and 15½ years of principal and interest payments. The examples in the above chart are for illustration purposes only. Actual savings may vary depending on factors specific to your loan, such as the interest rate, loan size, number of disbursements and whether payments are made on time. Chase Select interest rates are variable, are based on a margin plus the three-month London Interbank Offered Rate (LIBOR) Index and may increase or decrease after consummation of the loan. The rates will be adjusted quarterly based on changes to the three-month LIBOR Index.