Chase Select^SM Private Student Loans

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. Your school's financial aid office will review and certify your Chase Select loan request before funds are sent directly to your school.

Features of a Chase Select loan include:

• Immediate repayment options that could help you:
  • Save money over the life of the loan as compared to deferring payments.
  • Establish a credit history while you're in school.
• A 0.25% interest rate reduction for making payments using automatic debit.
• No origination fees
• Funds are sent directly to your school

With Chase Select, you choose the repayment option that fits you best.

Chase Select offers three repayment options. When you apply for a Chase Select loan, the choice is yours.

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.

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. 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.

*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 Private Student Loan.

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

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.

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.