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 any qualified education expenses, such as tuition, living expenses, books and a computer. It may be beneficial to apply with a qualified cosigner, but it’s not required. Applying with a qualified cosigner may reduce your interest rate. A cosigner can be a parent, relative or friend. 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.*

Private Student Loan Benefits include:

• No payments required while in school
• Check sent directly to your school
• Use your funds for any qualified education expenses including tuition, books, supplies—even a computer

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-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 Nebraska and 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.
• Deferred principal and interest: Principal and interest repayment begins six months after graduation or when you are no longer enrolled in school or, if requested and approved, nine months after your graduate health professions residency is completed.
• Interest only: Interest-only payments will begin no more than 60 days after the final disbursement date. Repayment of principal and interest will begin six months after graduation or when you are no longer enrolled, or, if requested and approved, nine months after your graduate health professions residency is completed.

*Important Information: As students determine the best way to finance their education, they should consider the full range of student financial aid options available. Private loans, like the Chase Select Private Student Loan, can be used when federal loans, grants and other forms of financial aid are not sufficient to cover the full cost of attendance.

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-participating school.

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

This information was current as of 02/02/2010 and is subject to change. Contact Chase for the most up-to-date terms.