Chase Tip: You should be aware that a private education loan does come with a limit for how much you can borrow. For example, Chase requires that the private education loan be a minimum of $1,000. The annual maximum limit to borrow is either $40,000 or the estimated annual cost of the education - whichever is less. You can not borrow more than $150,000 over a lifetime.
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|Jennifer Mathes, Ph.D.|