Monday, June 15, 2009

Student Loan Consolidation

Private student loan consolidation basics:
  • Competitive rates make consolidation a great option that allows you to manage all your private student loans in one easy payment
  • No application or origination fees
  • You may apply for a Chase Private Consolidation Loan on your own, but having a creditworthy cosigner will reduce your interest rate
  • The minimum private student consolidation loan amount is $7,500 and the maximum is $150,000, based on credit eligibility
  • You can apply for a Chase Private Consolidation Loan any time after you graduate, as long as you are in your grace or repayment periods
  • Your monthly payments can be lower; however, private student loan consolidation may extend your repayment term, increasing your overall financial obligatio

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