Chase Bank

Student loans made simple by one of the nation's leading financiers.

33%

of people who tried this LegacyReview like it

out of 100
based on 3 reviews

BACKGROUND
Chase Bank is a contractual agent for the disbursement of federally-funded student loan programs, including the Stafford Loan, PLUS loans, School Certified Private Loans, which are dependant upon your school’s participation in the program, and Non-Certified Private Loans, which can be applied for education-related expenses not allowed for within Federally-Funded loan programs.

The Chase Bank website clearly outlines the fixed and/or variable interest rates that pertain to each program, but it is important to clarify with them whether the funds you are receiving are “subsidized,” meaning the interest rate is deferred and paid for by the government until you graduate, or “unsubsidized,” meaning the interest begins accruing when you procure the loan. This determination is precipitated by your FAFSA application, which assesses your financial need.

PRO
- Chase provides an easy to use application process
- Chase outlines potential tax benefits
- Chase offers a .1% interest rate break for subsidized loans

CON
- Information on funding alternatives is not as readily available as on some sites

DEGREE PROGRAMS
Federally funded loan programs are, by design, linked to nearly any degree program you wish to undertake.

SCHOOLS
Schools are required to confirm the application of these loan monies toward the college costs they were intended for. Furthermore, funding can sometimes be pulled if grade averages are not kept above the minimum required by the school.

CONCLUSION
Chase Bank provides a site that addresses financial concerns for students within a wide array of circumstances. They divide information according to those seeking medical degrees, graduate students, and post-grad programs, primarily because the corresponding loans are specific to those needs. As with all contractual institutions who disburse federal loan programs, Chase Bank is a viable source for loan procurement.

Common Misspellings
Chasebank, Bankone, Bank 1, Chase

User Feedback

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Stephaine

Okay, so I am trying to decide where to start up my checking and savings account and get my student loans. I am considering Chase, so if people can just let me know about their experience with them, I would really appreciate it! posted May 4th, 2010 7:28 am

Donna

I just went to pay my student loan with them and couldn't. Something about they sold it...I don't even know how or who to pay and it will be late tomorrow. I didn't recieve ANY notiication ahead of time! posted Apr 19th, 2010 11:26 pm

Meagan

They are all for lending you money, but try to put the loan in deferment & they give you the run around & while it takes you MONTHS for them to receive all of your paperwork that you have been sending over & over they report your non-payment to the credit bureau.

They also sold my loan & never notified me which is against the law. I only found out because I received a bill from a new company, called them, & they told me they purchased it from Chase! All this only to find out Chase didn't sell the loan in it's entirety; they retained part which I had to go back & get into deferment!

When I tried to get it straightened out, they refused to let me speak to a supervisor insisting one would call me back - never happened.

My other companies processed my deferals with no problem, now I can't get a mortgage because Chase wouldn't fix their mistakes! posted Dec 11th, 2009 12:51 pm

kira

Chase Bank is

VERY BAD

posted Dec 2nd, 2009 1:44 am

jimmyu

chase is great. I have my credit card home mortgage and student loans with them. posted Sep 6th, 2009 9:51 am

Andrew Meaux

Chase Bank Money And Work In Beaumont Tx posted Apr 15th, 2009 9:17 pm

Carey

I went into my local chase bank to talk to them about student loan options because the information on the site wasn't all there and I am skeptical of fine print! posted Feb 10th, 2009 10:20 am

Matt

Friends of mine take out Stafford loans and yet they still have to work a lot to get through college. Are loans really worth it or should I just go part time and work full-time? posted Jul 14th, 2008 12:51 pm

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