Chase Student Loans
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Recent Graduates

Now that you've graduated and you're looking toward repaying your Chase SelectSM Private Student Loan, you may have questions.

When do I start paying back my loan?
When you applied for your loan, you selected a repayment option that determines your repayment start date. If you don't know when repayment begins or whether you have a grace period, please call Chase Student Loan Servicing at 1-800-487-4404.

Are there any repayment benefits?
You will receive a 0.25% interest rate reduction for making payments through our Automatic Debit program. Log in to CSLServicing.com and download the form.*

Now that I'm in repayment, when can my cosigner be released?
For student loans disbursed within the current academic year, the student may apply for a cosigner release 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 your 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.

What can I do to prepare for repayment?
Verify your contact information so that we can get in touch with you about your student
loan(s). Make sure we have your current address, telephone number and e-mail address. Let us know if your graduation date has changed. If you're having trouble making payments, contact Chase Student Loans as soon as possible.

You can learn more about repayment and log in to your account at CSLServicing.com

Chase SelectSM Private Student Loan

With a Chase Select school-certified private student loan, you can borrow up to the cost of attendance per academic year (minus other aid), but no more than the amount certified by your 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 you:
    • Save money over the life of the loan as compared to deferring payments, helping you graduate with less student loan debt.
    • Establish a credit history while you're in school.
  • No origination fees
  • Loans up to your cost of attendance (minus other aid), but no more than the amount certified by your school
  • Funds sent directly to the school

Deferred Repayment is also available, if you 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.

You or your cosigner (if applicable) must have a qualifying Chase account or loan relationship in order to be eligible for a Chase Select Private Student Loan.

*Important Information: Private loans, like the Chase Select loan, can be used when federal loans, scholarships, grants and other forms of financial aid are not sufficient to cover the full cost of education.

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, and 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 loan.

Chase currently services its Chase Select loans and does not sell them to another lender.

The minimum loan amount that can be requested under this loan program must be greater than $1,000, except for student borrowers whose permanent residence is in one of the following states, in which higher minimum loan amounts apply: Colorado, Indiana, Oklahoma, South Carolina or Wisconsin.

Aggregate maximum loan limits apply.

The 0.25% interest rate reduction is available to borrowers in repayment who enroll in our Automatic Debit Program and have their monthly payments automatically deducted from a bank account by Chase. This interest rate reduction will begin when the borrower begins having payments automatically deducted by Chase and will remain in effect as long as automatic payments continue without interruption. The reduced interest rate will return to the non-discounted rate if automatic payments are canceled, rejected or returned for any reason or during periods of deferment or forbearance. The 0.25% interest rate reduction will not lower the monthly payment amount but will instead reduce the interest that accrues, thereby reducing the total amount repaid.

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

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