With a Chase Select school-certified private student loan, the student (and cosigner, if applicable) can borrow
up to the cost of attendance per academic year (minus other aid), but no more
than the amount certified by the school, to cover qualified education
expenses including tuition, living expenses, books and a computer.*
Features of Chase Select Private Student Loans include:
- Immediate repayment options that could help the student (and cosigner, if applicable):
- Save money over the life of the
loan as compared to deferring payments, helping the student graduate with less student loan
debt.
- Establish a credit history while the student is in school.
- No origination fees
- Loans up to the cost of attendance (minus other aid), but no more
than the amount certified by the student's school
- Funds sent directly to the school
Deferred Repayment is also available, if the student cannot afford to make payments while in school.
Deferring payment will increase the total amount paid for the loan as compared to other repayment options.
The student or cosigner (if applicable) must have a qualifying Chase account or loan relationship in order to be eligible for a Chase Select Private Student Loan.
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. Student borrowers and cosigners are equally responsible for repayment of the loan. 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. 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, at the time of the request for cosigner release. The student borrower is solely responsible for repayment of the loan after the cosigner is released.
