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.
- Chase provides an easy to use application process
- Chase outlines potential tax benefits
- Chase offers a .1% interest rate break for subsidized loans
- Information on funding alternatives is not as readily available as on some sites
Federally funded loan programs are, by design, linked to nearly any degree program you wish to undertake.
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.
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.
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