Current Interest Rates

The following information is designed to help you better understand the interest rates associated with the Chase Select^SM Private Student Loan.

Chase Select^SM Private Student Loan

The Chase Select^SM Private Student Loan's interest rate is based on the three-month London Interbank Offered Rate (LIBOR). The three-month LIBOR index is variable and adjusted quarterly.*

Chase Select^SM is a school-certified private student loan, which means it requires your school to verify the loan amount and certify that you are enrolled in that institution and that the loan is being used for qualified education expenses. Your school must participate in this loan program in order for you to be eligible to apply.

*The "Variable Rate" is equal to the current three-month London Interbank Offered Rate (LIBOR) Index plus a margin. The Variable Rate may change based on changes to the three-month LIBOR Index, which is updated each quarter (January, April, July and October) as published in The Wall Street Journal on the fifteenth day of the month preceding each calendar quarter, rounded to the nearest one-hundredth percent (0.01%). If the Index is no longer available, we will choose a comparable index. Any increase in the interest rate may result in an increase to your monthly payment. Rates vary depending on the creditworthiness of the borrower and cosigner, if applicable, and other factors.

Contact Chase for the most current rate information.