Dec
20
How does a Chase Student loan work? Is it a good deal?
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I’m a 4th year college student at Louisiana State University and this year I am having financial problems resulting in me probably not having a way to pay my rent at my apartment. I’ve receieved many letters from my bank (Chase) informing me about the Chase Student Loan and how I can get up $40,000 a year or something and I was curious if this was a good deal or if the Chase student loans had a bad interest rate (I don’t know what a good one is…) and other details. I have normal credit and am only 21 but I was thinking about going into Chase this week to ask them about the student loan. I’d probably need to take $5,000 out to pay rent this semester and I have 1 or 2 years left until I graduate.
I’ve been receiving Stafford loans and Pell grants thus far because my parents don’t make very much that that money covers books, students fees, etc… and I have something called T.O.P.S. which pays my tuition (it’s specific to Louisiana). Any information or suggestions is appreciated
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