Chase Private Student Graduate Loans

Graduate/Professional Private Student Loans are available to students pursuing advanced degrees at participating colleges and universities across the nation. Students must attend at least half-time. (For students who attend less than half-time, please see the Continuing Education loan).

The Chase Private Student Loan is an unsecured, credit-based loan that can be used for any education-related expenses, such as tuition, books, room & board, a new laptop computer or previous school fees. Unless you're employed while in school and meet other income and credit guidelines, most students will need a U.S. co-signer to qualify for a Chase Private Student Loan, although this is not required. A co-signer can be a parent, relative, spouse or friend.

Graduate Student Loan Benefits Include

• Funds are sent directly to you within two business days of final approval
• Use your funds for any education-related expenses such as tuition, living expenses, books, fees, supplies—even a laptop computer or previous school fees
• No financial aid forms or school certifications are required
• Flexible repayment terms
• No application deadlines; apply anytime

Loan Process

1. To request your loan, apply online or call us toll-free at the number listed at the top of this page.

2. Once your application is submitted, you can be conditionally approved in as little as 60 seconds!

3. Download your loan documents online or we can mail them to you.

4. Complete, sign and return (by fax or mail) your pre-completed loan documents and the required verification documentation materials.

5. Once these documents are received, your application will be processed as quickly as possible... plus, we can mail your funds to you in as little as two days after final approval.

Eligibility

• You must be a graduate student enrolled at least half-time in a degree or certificate program at a Chase approved school. (For students attending less than half-time, please see the Chase Continuing Education Loan.)
• At least one applicant must be creditworthy and must be a U.S. citizen or permanent resident.

Note: An approved school is any accredited degree-granting institution of higher education approved by Chase.

Deferment

The deferment end date will be six months after graduation or when you are no longer enrolled at least half time in a participating school. The deferment end date will be no longer the five and a half years after the disbursement date. If you begin a medical residency or internship during the deferment period, the deferment end date will be nine months after the date the residency or internship ends. You must submit a written request and receive approval before the deferment end date reflects this change. You must begin making principal and interest payments no later than 10 and a half years after the disbursement date.

Loan Servicing

Chase Student Loan Servicing, LLC, part of the Chase family of companies, services Private Student loans. Chase Student Loan Servicing provides accessible and personalized service together with convenient telephone access to your account information. Shortly after your loan is processed and funded, they will contact you with your repayment information.

Chase Student Loan Servicing will be your best source for information on billing, payment, deferment/forbearance, and other account information. If you have any questions about your new loan, please visit www.cslservicing.com or call us at 1-800-489-5005. Hours are Monday - Friday 7:30 am - 8:30 pm Central Time and 8:00 am - 2:00 pm Saturday.

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 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 education.

Chase Private Student Loans are subject to credit approval, receipt of a completed and signed Application/Promissory Note, verification of application information including enrollment at a participating school, and verification that the requested loan amount does not exceed the student's actual cost of attendance. When payments are deferred, interest will continue to accrue and will be capitalized upon repayment. Other payment options will reduce the total amount owed. Loans to pay previous school fees require a current school bill dated within the last 60 days and are limited to the amount owed the school.

This information was current as 11/26/2008.