Great News For CHESLA Student Loans

August 25, 2017

I am pleased to share great news about the Connecticut Higher Education Supplemental Loan Authority (CHESLA) with the announcement that the CHESLA Student Loan program will have a low 4.95 percent interest rate for the third consecutive year!

CHESLA’s in-school fixed rate loan is available to qualifying students who attend eligible higher education institutions in Connecticut and to Connecticut residents who attend eligible higher education institutions in other states. The 4.95 percent in-school fixed loan rate for academic year 2017-2018 is available to all students who qualify and does not vary based on credit score.

CHESLA is a quasi-public state authority created in 1982 by the legislature to help students and their families finance the cost of higher education.

Since 1985, CHESLA has generated more than 43,000 in-school loans totaling in excess of $420 million. In February 2017, CHESLA partnered with state agencies to launch CT Dollars and Sense (www.ctdollarsandsense.com), which is a one-stop shop to help students and families plan, save and pay for college.

The authority also has a refinance loan product (Refi CT) that began in June 2016 - the program helps students and families manage student loan debt. On average, Refi CT borrowers are reducing their interest rate by 1.80 percent! Follow this LINK to apply online.

-- Diana

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