Student Loan Repayment Examples
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Undergraduate Student Loans Repayment Examples
Chase knows that repayment terms need to be flexible depending upon the student
and the situation. With three different repayment options for undergraduate
students, Chase has ensured that repayment of the undergraduate loan will be
easy for all borrowers.
Undergraduate Option 1
Deferred Principal and Interest Repayment
Make no payments for up to four years while continuously enrolled in school (5
years if enrolled in 5-year degree program). Repayment of principal and
interest then begins within 180 days after graduation or withdrawal from
school.
| Deferred Principal and Interest |
| Amount Requested |
$10,000.00 |
| Origination Fee |
0.00% |
| Principal Amount of Loan |
$10,000.00 |
| Interest Rate |
5.50% |
| Term |
240 months |
| Fund Date |
7/1/2008 |
| Deferment |
48 months
|
| Grace |
6 months
|
| Total Deferment |
54 months
|
| First payment date |
2/7/2013 |
| Repayment Terms |
| 239 payments |
$85.91 |
| 1 payment
|
$86.78 |
|
APR during Deferment Period: 5.04%
APR during Repayment Period: 5.50%
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Undergraduate Option 2
Immediate Interest Only
Pay only interest for up to four years while continuously enrolled in school (5
years if enrolled in 5-year degree program). Repayment of principal and
interest then begins within 45 days after graduation or withdrawal from school.
| Immediate Interest Only |
Amount Requested
|
$10,000.00 |
| Origination Fee |
0.00% |
| Principal Amount of Loan |
$10,000.00 |
| Interest Rate |
5.50% |
| Term |
240 months |
| Fund Date |
7/1/2008 |
| First payment date, interest only |
8/7/2008 |
| Deferment |
48 months
|
| Grace |
6 months
|
| Total Deferment |
54 months
|
| First payment date |
2/7/2013 |
| Repayment Terms |
| 54 payments |
$45.96 |
| 185 payments
|
$80.10 |
| 1 payment
|
$61.36 |
| APR |
5.50% |
Undergraduate Option 3
Immediate Repayment of Principal and Interest
Pay principal and interest in a fixed monthly amount beginning within
approximately 45 days after funds are disbursed.
| Immediate Repayment of Principal and Interest |
| Amount Requested |
$10,000.00 |
| Origination Fee |
0.00% |
| Principal Amount of Loan |
$10,000.00 |
| Interest Rate |
5.50% |
| Term |
240 months |
| Fund Date |
7/1/2008 |
| First payment date |
8/7/2008 |
| Repayment Terms |
| 239 payments |
$68.86 |
| 1 payment
|
$67.46 |
| APR |
5.50% |
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