When federal aid, scholarships and grants just aren't enough, a private loan like the Chase Select Health Professions Private Loan can provide your cost of attendance minus other aid received. You can qualify if you're a graduate student studying a healthcare discipline at least half time at a participating school.*
Benefits:
- No borrower-paid origination or repayment fees
- Low rates for qualified borrowers
- 0.25% interest rate reduction at repayment for making automatic payments from your bank account (ACH)
- No prepayment penalty
- Cosigner release available
- Extended deferment option available
- $250,000 private cumulative loan limit
Interest rate reduction:
- 8.10% interest rate at repayment and for the remainder of the loan term—this is an automatic 0.40% reduction!
*Important Information:
Private Loans—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 Health Professions Private Loan, can be used when federal loans, grants and other forms of financial aid are not sufficient to cover the full cost of education. Private loans are subject to credit approval, receipt of a completed and signed Application/Promissory Note and other required documentation, and verification of income and enrollment. The 0.25% interest rate reduction for ACH is available to borrowers who arrange with the loan servicer to automatically deduct monthly payments from their bank account. The interest rate reduction will begin when automatic principal and interest loan payments start and will remain in effect as long as automatic payments continue without interruption. The reduced interest rate may return to the non-discounted rate if automatic payments are canceled, rejected or returned for any reason. The interest rate reductions will not lower the monthly payment amount but instead will reduce the interest that accrues, thereby reducing the total amount repaid and the loan term. Upon request by the primary borrower, cosigners are eligible to be released from the loan if any 36 consecutive payments of principal and interest are paid on time after graduation. The borrower must meet credit criteria at the time of the cosigner release. Other terms and conditions apply. Benefit programs are subject to change.
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.
For a $40,000 loan with a 0% origination fee and single disbursement, monthly payments would be $339.47 over 20 years, with a variable Annual Percentage Rate remaining equal to 5.31% as the repayment rate, under a 51-month deferred principal and interest repayment plan. Rates may increase after consummation. Rates as of 3/10/08. This information was current as of 03/01/2008.
Private Loans—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 Health Professions Private Loan, can be used when federal loans, grants and other forms of financial aid are not sufficient to cover the full cost of education. Private loans are subject to credit approval, receipt of a completed and signed Application/Promissory Note and other required documentation, and verification of income and enrollment. The 0.25% interest rate reduction for ACH is available to borrowers who arrange with the loan servicer to automatically deduct monthly payments from their bank account. The interest rate reduction will begin when automatic principal and interest loan payments start and will remain in effect as long as automatic payments continue without interruption. The reduced interest rate may return to the non-discounted rate if automatic payments are canceled, rejected or returned for any reason. The interest rate reductions will not lower the monthly payment amount but instead will reduce the interest that accrues, thereby reducing the total amount repaid and the loan term. Upon request by the primary borrower, cosigners are eligible to be released from the loan if any 36 consecutive payments of principal and interest are paid on time after graduation. The borrower must meet credit criteria at the time of the cosigner release. Other terms and conditions apply. Benefit programs are subject to change.
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.
For a $40,000 loan with a 0% origination fee and single disbursement, monthly payments would be $339.47 over 20 years, with a variable Annual Percentage Rate remaining equal to 5.31% as the repayment rate, under a 51-month deferred principal and interest repayment plan. Rates may increase after consummation. Rates as of 3/10/08. This information was current as of 03/01/2008.
