Hampshire College

Chase Education Finance, a division of J. P. Morgan Chase & Company, offers a PLUS loan with an optional one quarter percent (0.25%) interest rate reduction when payments are made automatically from a bank account. 

SPECIFIC INFORMATION ABOUT THE CHASE BANK PLUS LOAN:

• Loan holder: Chase Bank of Indianapolis, Indiana
• Loan servicer: Chase Bank of Indianapolis, Indiana
• Guarantor: NSLP of Lincoln, Nebraska
• Lender code: 803000
• Origination fee: 3% of amount borrowed
• Default fee: 0.50% (guarantor pays one half of fee)
• Ability to electronically sign online application
• Automatic borrower benefits: None
• Optional borrower benefits: One quarter percent (0.25%) interest rate reduction when payments are made from bank account
• Interest rate: 8.50%
• Lowest possible interest rate: 8.25% with optional borrower benefit

Click here for general information about the federal PLUS loan.

HOW TO APPLY:
New borrowers may apply over the phone at 800.487.4404 or apply online.