Deferred repayment is the most expensive repayment option because interest that accrues during the in-school period is added to the principal balance of the loan at the time of repayment.
The repayment example below applies to students with Chase Select undergraduate, graduate or graduate health professions loans, and is based on a student borrower who is approved with a cosigner, is enrolled in a four year program and received a loan with a single disbursement. This example assumes a $10,000 loan with 20 years of principal and interest payments starting 6 months after the student borrower is no longer enrolled in school, and is for illustrative purposes only.
|Variable Rate Student Loan**|
|Estimated Monthly Payment Amount||Estimated Total Amount Paid (over 20 years)|