Chase Education One – Private Loans

 No matter what type of educational loan you are looking for Chase might just be the answer you need. Chase offers a variety of private loans to students, such as K-12 Education, Continuing Education, Professional Education, Graduate Education, Career Education, Undergraduate Education, and Private School Loans. In this article, we will have a closer look at the private student loans offered by Chase Education One.

 

 

Many times a parent will want to send their child to a non-public or private school. These types of schools can cost a great deal of money for any person. Private schools include religious schools, military schools, private schools, special education schools, and prep schools. With Chase Education One, parents have the ability to receive an unsecured loan to help pay for their child's education.

 

These loans are available for anywhere from $1,500 to $30,000 every year. What is great about these loans is that they come directly to you, they can be used for any educational purpose such as supplies, fees, textbooks, boarding, uniforms, or tuition, the choice is yours. However, because this loan is credit based, you will have to go through the same rigmarole as with other loans, credit checks are necessary.

 

 

These loans are available to students that are currently enrolled in or accepted to trade schools, technical schools, career schools, or undergraduate colleges. However, this specific loan is dedicated only to those that are attending school on a full-time basis. As with the private school loans, the funds from this loan can be used on anything that is related to education such as supplies, textbooks, tuition, and even living expenses.

 

For this loan, it is suggested that most students will have to have a cosigner, because of lack of credit or income. You can apply for a loan as little as $1,500 or as much as $40,000 yearly. You will have three choices when it comes to repayment. You can choose to begin paying on the interest and principal right away. You could begin to pay on interest only right away, or you could even defer the repayment of both until you have finished your schooling.

 

 

This Chase Education One loan is available to students looking to obtain an advanced degree. Again, this is only designed for students that attend college halftime or more. This works in much of the same way that the undergraduate loan works. You can borrow as much as $40,000 each year. However, the difference with this loan is that your loan repayment is deferred automatically, meaning you will not have to begin paying on the interest or principal until you have completed your college studies.

These are the most common Chase Education loans, although Chase also offers continuing education loans designed for students who are attending classes or schools less than half time.  Part time students get the same great benefits as full time students, from the ability to borrow up to $30,000 annually and have payments deferred automatically for a maximum of two years- which is typically the length of school for part time students.