Chase Select^SM Private Student Loans

Chase Select Private Student Loans are available to students who attend participating undergraduate colleges across the nation. The Chase Select loan is a private student loan that can be used for qualified education expenses, such as tuition, living expenses, books and a computer. A Chase Select loan is a credit-based private student loan that must be certified by your school's financial aid office. Your school may require you to complete the Free Application for Federal Student Aid (FAFSA) to determine your loan eligibility. Although a cosigner is not necessary or required to apply for a private student loan, a qualified cosigner may help you get approved for a private student loan and possibly help you qualify for a better interest rate.*

Private Student Loan features include:

• In-school deferment option available, which means there are no payments required while in school
• Check sent directly to your school
• Use your funds for qualified education expenses including tuition, books, supplies—even a computer

Note: Interest continues to accrue during in-school deferment and will be added to the principal amount of your loan upon entering repayment, which will increase the total cost of the loan.

To be eligible for a Chase Select Private Student Loan you must meet our credit criteria and be:

• Enrolled in a degree or certificate program at a Chase Select-participating school
• A U.S. citizen or permanent resident, or an international student with a valid Social Security Number applying with a qualified U.S. citizen or permanent resident cosigner
• The legal age of majority for the state of residence at the time of application, usually 18 years or older (19 in Alabama, 21 in Mississippi and Puerto Rico)

Repayment options for Chase Select loans:

• Immediate repayment: You will begin making principal and interest payments no more than 60 days after the final disbursement date of your loan.
• Deferred principal and interest: Principal and interest repayment will begin the earlier of six months after graduation or when you are no longer enrolled in school, or 5 ½ years after the first disbursement date.
• Interest only: Interest-only payments will begin no more than 60 days after the final disbursement date. Repayment of principal and interest will begin the earlier of six months after graduation or when you are no longer enrolled in school, or 5 ½ years after the first disbursement date.

*Important Information: Private loans, like the Chase Select loan, can be used when federal loans, 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.

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

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

This information was current as of 07/01/2011 and is subject to change. Contact Chase for current product information.