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Chase SelectSM

CHASE SELECTSM PRIVATE STUDENT LOAN

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REPAYMENT EXAMPLE

This repayment example applies to students with Chase Select undergraduate, graduate or graduate health professions loans.*

Repayment Options: Deferment Repayment Options: Immediate Repayment
Lowest Rate
Deferred Payments
Highest Rate
Deferred Payments
Lowest Rate
Deferred Payments
Highest Rate
Deferred Payments
Principal Loan Amount/ Amount Requested $10,000.00 $10,000.00 $10,000.00 $10,000.00
Origination Fee 0.00% ($0.00) 0.00% ($0.00) 0.00% ($0.00) 0.00% ($0.00)
Interest Rate**
(Prime Rate Index + Margin)
7.0% (Prime + 3.0%) 15.50% (Prime + 11.50%) 7.0% (Prime + 3.0%) 15.50% (Prime + 11.50%)
Principal Amount of Loan at Disbursement $10,000.00 $10,000.00 $10,000.00 $10,000.00
Deferment Period 30 months 30 months 0 months 0 months
Principal Amount of Loan at Repayment $11,633 $13,617 $10,000 $10,000
Monthly Minimum Payment (after deferral period, if any, assuming variable rate remains constant) $90.19 $184.35 $77.53 $135.39
Repayment Period 240 months 240 months 240 months 240 months
APR 6.88% 14.85% 7.0% 15.50%
Total Finance Charge $10,013 $30,628 $8,149 $18,080
Total Amount Paid $21,646 $44,245 $18,149 $$28,080

** Prime Rate Index effective January 1, 2009


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*Important Information: 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 loan, can be used when federal loans, grants and other forms of financial aid are not sufficient to cover the full cost of education. Chase Select loans are subject to credit approval and others terms and conditions. A limited number of borrowers may be approved with an origination fee.

These repayment examples may not reflect your specific interest rate and loan amount. An estimated initial disclosure statement will be sent to you with your details after your school certifies the amount and date of your first loan disbursement.

**Interest rates are variable and may increase after consummation of the loan, but will not exceed the maximum rate allowed by Ohio state law. The rates used in these examples are based on a margin plus the Prime Rate Index, which will change each calendar quarter. The Prime Rate Index is updated each quarter (January, April, July and October) as published in The Wall Street Journal on the first day of the month preceding each calendar quarter, rounded to the nearest one-hundredth percent (0.01%). Any increase will result in either a higher payment amount or more payments by extending your term. Rates vary depending on the creditworthiness of the borrower and cosigner.

Immediate Repayment of Interest Only is another available repayment plan.

This information was current as of 01/02/2009 and is subject to change. Please contact Chase for most up-to-date product terms.

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A qualified cosigner may help you get a lower interest rate on your Chase Select Private Student Loan.

A qualified cosigner may help you get a lower interest rate on your Chase Select Private Student Loan.


 

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