The Chase Select Private Student Loan has no origination fees or penalties for early repayment, and applicants can take advantage of the in-school deferment plan which requires no payments until after graduation.It is important to remember that deferment plans only delays your payment schedule, and you will b e responsible for all interest that accrues on your loan while you are in school.Any college-bound student searching for financial aid should first look to the available Federal grant and loan programs before considering a private lender loan.
If you are comfortable with your monthly payments, it probably does not make sense for you to refinance.Private loan refinancing is only for your private student loans, and is different from federal student loan consolidation.Deferred payment plans are available to eligible students though, as with all private lender loans, interest will continue to accrue while you are attending school.The Chase Graduate Student Loan has no origination fees or early repayment penalties, and interest rates are set by the lender.The Chase Select Private Student Loan can help students bridge the gap between their Federal financial aid and the total cost of their college attendance.
These loans allow students to borrow up to the cost of their yearly tuition, less any financial aid already received.
Chase can help you manage any and all of your Federal loans, including the Stafford Loan, the Perkins Loanand the Federal PLUS Loan for Parents.
Chase can also help you manage your Federal Direct Loan Consolidation after you have graduated, combining any outstanding loans into one manageable monthly payment.
While the loan is still underwritten and guaranteed by the government, Chase manages all of your day to day loan activities.
By managing your Federal loans through Chase you can take advantage of their personalized service, while still reaping the benefits of a government secured student loan.
Each has it's own benefits and disadvantages, and it will be helpful to take some time to look at all the options available to you.