Student Chase Bank Loans

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