PRIVATE STUDENT LOAN

With private student loan consolidation, you may be able to lower your monthly payments and qualify for a reduced interest rate, but here's some other basic information you should know.*

What is private student loan consolidation?

Private student loan consolidation can combine all of your eligible private student loans together into a single loan and may reduce your monthly payments. This credit-based loan has attractive interest rates and repayment terms, which may help you keep some extra money in your pocket every month. Federal student loans are not eligible for this program.

Who can qualify for private student loan consolidation?

You can apply for Chase Private Student Consolidation Loan any time after graduation.

What kind of loans can I consolidate?

You can consolidate any eligible private student loans in good standing that were used for your qualified education expenses. These can be any private Chase student loans, private student loans from another lender or a combination of the two.

How can consolidation help me manage my debt?

Student loan consolidation offers you many benefits to help manage your education-related debt. Here are a few of them:

• A single monthly loan payment on one bill
• Competitive interest rates
• No penalties for prepayment, so you can repay your loan early at any time

Is there a downside to consolidation?

Although student loan consolidation can simplify and reduce your student loan payments, there are some situations you should be aware of:

• If you are close to paying off your student loans, it may not make sense to consolidate or extend your payments
• Extending the years of repayment for your loans may increase the total amount you have to pay in interest