CFS Student Loan
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A CFS Student Loan is aimed at helping students fulfill their fund requirements for education. Collegiate Funding Services was purchased by the Chase Bank in December 2005 and CFS Loans are now provided by the Chase Student Loan Department.[br]
A CFS Student Loan is aimed at helping students fulfill their fund requirements for education. Collegiate Funding Services was purchased by the Chase Bank in December 2005 and CFS Loans are now provided by the Chase Student Loan Department.[br]
Types of CFS Student Loans
The menu of CFS Student Loans includes federal student loans, such as the Stafford loans, parent and graduate plus plan, as well as federal consolidation loans.
Stafford loans are low interest rate loans that can either be subsidized or unsubsidized. In the case of subsidized loans, the government pays the interest while the student is in school, during the grace and approved deferment periods. In the case of unsubsidized loans, the student pays all the interest but the payments can be deferred until after graduation. The federal PLUS loan program is available for parents and graduate students. These loans are also low interest loans and offer reasonable repayment options.
A CFS student loan can also be a personal loan, suitable for undergraduate and graduate students and students who wish to continue their studies. Students should first opt for federal loans because of their low interests. However, many a times, federal loans are not enough to cover the cost of books, food, living and conveyance. Private student loans are very important for funding a student’s expanded costs or the costs not covered by federal loans.
Other Services Offered by Chase Student Loans[br]
The Chase Student Loan Department’s Student Loan Profiler service helps students to study the various loan options and choose the most appropriate one. The online services offered by CFS enable students to handle their loan accounts, besides supervising their monthly payments.
Chase services all its private student loans and does not transfer them to any other lender. Chase student loans (formerly known as CFS Student Loan) are subject to credit approval, receipt of a complete promissory note or an application and verification of the information provided. The CFS Student Loan services also include the option of private loan consolidation. Under this option, students can consolidate all their private student loans into a single loan.
