Overview of Chase Student Loan Products
Just like most student loan companies or banks that have divisions devoted to student concerns, Chase offers both federal and private student loans. Each has their own unique set of benefits and disadvantages. Without further delay, let’s jump right into the details, shall we?
Federal Chase Student Loans
When you choose Chase as your lender for a federal student loan, you will still receive all of the benefits of a federal loan, with the added deals offered solely by Chase. Some of your federal loan options include the Federal Stafford Loan, which is available in both subsidized and unsubsidized form, the Federal PLUS Loan, which is available to parents of dependent students that need help funding their education and the Federal Student Loan Consolidation Loan, which takes all of your previous student loan amounts, and provides you with one single monthly loan payment.
All of these options are beneficial, but it is up to you to sort out which loan type is best for your current situation.
Private Chase Student Loans
You should always attempt to exhaust the federal resources available to you before pursuing a private loan. If you qualify for a federal loan, by all means, accept it if your other financial aid options, like grants and scholarships, have already been used up.
If you still would owe a sizable portion of tuition after taking into account your federal loans and grants, a private student loan may be the right choice for you. Chase offers several different types of student loans to fulfill a variety of needs.
Chase Private Student Loans
With a Chase private student loan, you can borrow up to $40,000 a year to cover all of your education related expenses including tuition, room and board, books and more. You don’t have to pay back a cent until you graduate, you receive your money directly and very quickly, and you can apply online. You will be responsible for the interest that accrues on your loan while in school, however.
Chase Select Private Student Loans
The Chase Select Certified Private Education Loan allows you to borrow up to the cost of attendance each year of school. This means, any expense your school can certify, you can borrow money in order to cover. Such expenses include tuition, of course, books, computers and even the balances from previous semesters. You don’t have pay anything until six months after you graduate and your interest may be tax-deductible.
So now you have no excuses. There is always a way to pay for college. You just have to do the work to find it!