Chase Bank Provides Student Loans For Education

2007-03-08 10:33:40

( Financial )



Chase Bank is one of the oldest banks operating in the country. Together with its parent company, JP Morgan Chase Company, Chase Bank is involved in commercial banking, with financing programs geared towards the middle market, corporate accounts, commercial real estate, business credit and equipment leasing.

Chase Bank has interests in the credit card business, like Citi bank, and offers small business financing, home finance, auto finance, and insurance products. With such a varied portfolio of businesses, you may be surprised to know that Chase Bank is also involved in financing packages for education.

Chase Bank has several lending windows for student loans: federal Stafford loans, parent plus loans, Chase grad plus loans, Chase education one private student loans, Chase preferred select private student loans, Chase medical education loans, and federal consolidation loans.

Chase Bank offers consolidation loans to enable you and your children who have completed their education to combine all of your eligible federal student loans into a single loan package. This gives significant advantages to the borrowers, especially the former student.

One important feature of the consolidation package is your ability to lock in the interest at a low rate. This could give you substantial savings in interest payments during the whole term of the consolidated student loan.

A lower interest rate will also reduce your monthly payment amounts, easing your monthly cash flow. This is significant for the former student whose monthly income will still be at entry levels.

Perhaps just as important, this Chase Bank facility enables your child a good opportunity to begin building the credit history so important to credit ratings in future financing requirements. The credit rating needed for this consolidation loan is less stringent. For an idea of what will be needed, you can request a credit rating report from freecreditreport com.


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