Addressing Student Loan Debt

July 8, 2016

Student loan debt has been a major concern for current and future graduates of Connecticut. I was proud to support the first in the nation CT Student Loan Bill of Rights, which aims to ease student loan debt and provide more resources to help students and families. As part of this initiative, the Connecticut Higher Education Supplemental Loan Authority (CHESLA) recently started offering borrowers the chance to refinance their school debt with a new program entitled Refi CT.

This new program from Connecticut's supplemental college-loan fund carries the option for a five-, 10-, or 15 year term and allows students to refinance their loans with a lower fixed interest rate of 4.25 percent.

Applications can be submitted online at www.chesla.org. There is no application or origination fee.

Providing student loan debt relief is essential to making Connecticut more affordable for recent graduates and to making our state a more attractive place to live and work. I will continue to work hard to ensure graduates are not burdened by their student loan debt and that they can instead start planning for their future.

If you have any questions or need assistance, contact me anytime on my personal cell phone at 203-962-4619.