Student Chase Bank Loans
Student Chase Bank Loans
Unlike the federal student-loan program, which lets
consumers borrow at fixed rates directly from the government,
these loans from at least 30 banks and other private lenders
feature mostly variable rates that can be more than twice what
some people pay in the U.S. program. Student Chase Bank Loans With college costs
spiraling, the marketing and interest rates of these loans are
drawing increasing complaints from borrowers and regulators, who
say teenage consumers often don’t understand their terms.
Student Chase Bank Loans
“It was like signing up for iTunes,” said Austin Bousley,
25, who applied on the Internet for a private loan Student Chase Bank Loans from SLM,
known as Sallie Mae, as a student at Suffolk University in
Boston. Some of his loans, which he began taking out in 2006,
carried rates as high as 9.25 percent. “The interest is
accruing and accruing. I have a feeling I’ll be making payments
forever.”
Student Chase Bank Loans
http://www.bloomberg.com/news/2012-06-05/students-pay-slm-9-25-on-exploitive-loans-for-college.html
Student Chase Bank Loans
