| Gathering funds for an education can be done in | | | | do not require a cosigner, they only require that one |
| many ways. There are a few federal loans available | | | | of the applicants be creditworthy. Payment on these |
| and there are any number of financial aid services for | | | | loans is due to begin almost immediately, 45 days |
| students who qualify. Your school's financial aid office | | | | after receiving the money, but these payments can |
| can help you figure out which financial aid, grants, or | | | | be deferred until graduation. Ideally you can pay |
| scholarships you may receive. This may not cover | | | | interest only while studying, if not, you can choose to |
| your education on its own, and you may need a | | | | defer interest and principle, but interest will continue |
| private loan but do not know what to expect. Chase | | | | to accumulate. |
| student loans can be used as a reference point. | | | | Graduate and undergraduate students can cover their |
| Private student loan providers, including Chase, often | | | | COA-Aid (the cost of attendance minus financial aid) |
| offer to help you get federal Stafford loans, for | | | | with a Chase Select loan for expenses enumerated |
| undergraduate students, and PLUS loans, for | | | | by the college. |
| graduate students. Chase offers a slightly lower rate | | | | The Chase Medical Education Program is a package |
| than the standard federal rate for these loans; | | | | of federal and private loans for medical students, |
| monthly rates will remain the same but the overall | | | | including PLUS graduate student loans, Stafford |
| payment time will be lower. Chase and other private | | | | medical loans, private medical loans, and medical |
| lenders can also help with federal student loan | | | | residence loans. |
| consolidation. | | | | Lending specialists are available by phone or internet |
| These federal services generally don't pay the entire | | | | to help you compare loan options, with Chase and |
| cost of going to college, so students often have to | | | | with most lenders. Chase offers loan payment rate |
| turn to private lenders to cover additional expenses. | | | | and cost of living calculators as well as individual |
| The program offered by Chase can be used as a | | | | borrowers' loan information on their website. |
| case study, as they are industry-standard. This will | | | | The examples used here are based on Chase |
| give you an idea of what to expect. | | | | student loans for the purpose of providing a baseline |
| Students can borrow up to $40,000 per year with | | | | industry standard so you know what to expect |
| Chase's private student loans; the interest rate will be | | | | when you start looking for private student loans. |
| different for each student based on their credit | | | | Compare options with multiple lenders to get the |
| rating. Chase recommends using a cosigner, which can | | | | best rates and service. |
| help lower the interest assigned to the loan, but they | | | | |